"Economic growth should go beyond statistics — it must translate into decent jobs, stable prices, and equitable prosperity," said Hanif Dhakiri, Deputy Chairman of Commission XI of the House of Representatives (DPR), on Monday.
Hanif noted that while the government's targets reflect optimism and a drive toward national independence and prosperity, macroeconomic figures only matter if they improve people's daily lives.
Commission XI will support the government while exercising critical oversight to ensure growth "is truly felt in kitchens, rice fields, and households across Indonesia," he added.
Growth above 5 percent has always been the people's hope, but the 5.4 percent target cannot be achieved with old approaches, Hanif said.
It requires industrialization that creates quality jobs, consistent downstreaming to reduce raw material exports, and bureaucratic reforms that remove barriers to investment, he added.
"A 5.4 percent growth is not a gift — it requires real industrialization and an efficient bureaucracy," he pointed out.
He emphasized that stable prices are essential, saying that "a 2.5 percent inflation rate only matters if people can shop for their daily needs with ease."
Rupiah stability, he added, is also critical to provide business certainty and protect purchasing power.
Hanif said that the target of Rp16,500 per US dollar is acceptable, but preventing volatility is more important,
"People need a rupiah that is stable and resilient," he added.
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Translator: Primayanti
Editor: Anton Santoso
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