Jakarta (ANTARA) - Indonesia is predicted to be able to grow even better at the end of the 2022-2023 National Mid Term Development Plan (RPJMN), according to National Development Planning Minister/National Development Planning Agency (Bappenas) Head Suharso Monoarfa.

"The theme of Government Work Plan in 2024 is expediting an inclusive and sustainable economic transformation," he said on his instagram account @suharsomonoarfa on Sunday regarding his participation in a coordination meeting between ministers concerning Fiscal Policy and Macro Economic Framework.

Monoarfa said expediting the inclusive and sustainable economic transformation means that the economic growth has to be faster than previous years.

Moreover, it also involves expediting reduction of poverty, especially extreme poverty and inequality, and reduction of greenhouse gas emission.

He argued that there are several reasons why Indonesia is able to grow even better. Among the reasons are the spirit of economic transformation acceleration, assurance of mid term target resolution as well as legal and regulation assurance.

The government has set targeted conditions to achieve the goal, such as preservation of conducive investment climate and people's purchasing power as well as increasing people's productivity and economic activities.

The economic growth in 2024 is expected to reach a range of 5.3-5.7 percent while the poverty rate is targeted in the range of 6.5-7.5 percent, and unemployment rate is expected to stay at the range of 5.0-5.7 percent, he informed.

Meanwhile, the fishermen exchange value and gini ratio are targeted in the range of 107-110, and 0.374-0.377 respectively, he continued.

Lastly, the human development index is targeted to reach 75.54, and greenhouse gas emission reduction 27.27 percent while farmers exchange value in the range of 105-108.

According to Monoarfa, Indonesia must be free from the middle income trap (MIT) before 2045 since it has been stuck there for 30 years.

"(To reach that goal), demographic bonus will support to achieve a six percent economic growth rate to enable us to get out of the MIT by 2040," he noted.

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Translator: M Baqir I A, Fadhli Ruhman
Editor: Rahmad Nasution
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