Jakarta (ANTARA) - President Joko Widodo (Jokowi) has informed that the 2024 state budget draft (RAPBN) has been designed to accelerate an inclusive and sustainable economic transformation.

"The 2024 RAPBN is designed to respond to current challenges as well as (those) in the future, so the 2024 RAPBN policy is directed at accelerating an inclusive and sustainable economic transformation," he said in his speech on the RAPBN for the 2024 fiscal year and financial notes.

He delivered the speech during the plenary meeting of the House of Representatives (DPR) for the 2023–2024 sitting period at the Parliamentary Complex here on Wednesday.

He explained that economic transformation efforts will be carried out through two strategies, one short-term strategy and one medium-term.

The short-term strategy will focus on expediting extreme poverty eradication, reducing stunting prevalence, controlling inflation, and improving investment.

The medium-term strategy will focus on five agendas, which will include creating excellent human resources who are productive, innovative, prosperous, and competitive by improving the quality of education and the health system, as well as reforming the social protection system, including strengthening Indonesian migrant workers' protection.

The second agenda will involve accelerating the development of supporting infrastructure for economic transformation, especially infrastructure in the fields of energy, food, connectivity, and information and communications technology.

The third agenda will involve strengthening the implementation of bureaucratic reform and simplifying regulations, and the fourth agenda will be increasing economic activities with high added value through the downstreaming of natural resources.

Meanwhile, the fifth agenda will be encouraging the development of the green economy.

"The architecture of the 2024 RAPBN must be able to respond to economic dynamics, respond to challenges and optimally support the development and welfare agenda, accelerate economic transformation, maintain the momentum of quality, inclusive, and sustainable economic growth," he said.

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Translator: Bayu Saputra, Raka Adji
Editor: Azis Kurmala
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