"Indonesia's commitment is to continuously improve the quality of human resources, infrastructure, and economic performance," the minister stated at the 2nd International Conference on Muslim World Economy and Business (ICMWEB) that was monitored virtually here on Wednesday.
"This is to create welfare and prosperity for the people in an equitable manner," she affirmed.
Minister Sri Mulyani said that investment to improve the quality of human resources is one of the important engines of Indonesia's economic growth.
Apart from allocating the state budget for education, Indonesia also provides an endowment fund for education to improve the quality of education in Indonesia and support research and development.
"One of the most important and supportive investments is the quality of human resources," she affirmed.
"Therefore, our budget allocation for education and training is the largest and mandated by our Constitution that 20 percent of our budget must be dedicated to education and training," she stated.
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Apart from the education aspect, the quality of human resources should also be ensured from the health aspect in order to create quality, healthy, and productive Indonesian human resources, she emphasized.
"The quality of human capital will depend on the scale of their education and also their health," she remarked.
"Therefore, Indonesia designs a social safety net to ensure that human capital will have the government's safety net, especially to help the poorest," she remarked.
Apart from investing in human resources, Indonesia also continues to push for improvements in the quality of infrastructure to support economic growth.
If the quality of domestic infrastructure is good, then there will be more investors investing in Indonesia.
"Our support for infrastructure development, starting from roads, toll roads, ports, airports, and especially electricity and clean water, is very significant and this not only boosts the economy through our budget but also improves investment performance in Indonesia," she remarked.
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Translator: Martha Herlinawati Simanjuntak, Katriana
Editor: Yuni Arisandy Sinaga
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