Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, is optimistic about Indonesia's economic growth, foreseeing a potential growth rate of 6% by 2025-2026. Luhut believes that Indonesia's economy will improve and continue to grow compared to recent years when economic growth has hovered around 5%. His optimism stems from the government's downstreaming programs, which aim to process raw resources into higher value-added products. Luhut emphasized that these initiatives will contribute to economic growth.
Luhut also mentioned that the potential for higher economic growth in Indonesia is driven by the digitalization of e-catalogs for government procurement of goods and services across various sectors. This digitalization effort aims to streamline government procurement processes and increase efficiency. He expressed confidence that this economic growth would enable Indonesia to become a global maritime civilization center. Indonesia's economy has shown resilience and growth above 5% for seven consecutive quarters, positioning it favorably compared to many other countries dealing with economic challenges. The government has set a target of 5.2% economic growth for Indonesia in 2024, as outlined in the Draft State Budget for 2024.
