"Indeed, we cannot achieve economic growth acceleration without economic transformation," she said at the Investor Network Summit 2024 in Jakarta on Thursday.
The global economy is said to be experiencing uncertainty, which has led to projections of slow growth.
However, Indonesia is expected to utilize this situation to bolster and increase the competitiveness of the domestic economy.
Over the past 20 years–excluding the COVID-19 pandemic period–economic growth in the country has averaged around five percent.
After the pandemic, she noted, Indonesia's economic growth has again reached five percent.
This is seen to indicate Indonesia's economic stability as the country's macroeconomy has sound fundamentals.
"Economic stability will be a key foundation for Indonesia to make acceleration through economic transformation," Widyasanti said.
Under the 2025 Government Work Plan (RKP), one of the goals being pursued by the government is achieving 5.3-percent economic growth.
The government is also seeking to maintain the inflation rate at 2.5 plus minus one percent, achieve a 4.5–5.5 percent open employment rate, as well as reach zero percent extreme poverty rate.
"Without stability, we cannot accelerate. Thus, stability is our primary capital and 2025 is our gateway to further acceleration," she highlighted.
According to data from Statistics Indonesia (BPS), Indonesia recorded 4.95 percent year on year economic growth in the third quarter of 2024.
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Translator: M Baqir, Raka Adji
Editor: Aditya Eko Sigit Wicaksono
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