Jakarta, The Indonesia Post – Coordinating Minister for Economic Affairs Airlangga Hartarto is optimistic that Indonesia’s economic growth will reach 5.2 percent throughout 2022.
“We are optimistic that the economic growth target of 5.2 percent year on year can be achieved throughout 2022 provided that COVID-19 is still under control, health system improvements continue, fiscal, monetary and real responses are improved, and structural reforms continue to create jobs,” said Airlangga. in a Press Conference in Jakarta, Friday.
Airlangga is also optimistic that in the second quarter and third quarter of 2022 economic growth can exceed 5 percent year on year.
Several challenges, such as the COVID-19 pandemic, geopolitics, climate change, energy security, transmission of central bank reference rates from developed countries to Indonesia, and global inflation will also be anticipated so as not to reduce public consumption.
According to him, Indonesia can still take advantage of rising commodity prices to boost exports in the third quarter of 2022.
Meanwhile, in the second quarter of 2022, the Central Statistics Agency noted that exports grew 19.74 percent year on year or contributed to 24.68 percent of economic growth.
In addition, the government will also accelerate government spending which contracted 5.24 percent year on year in the second quarter of 2022 so that it can grow higher in the third and fourth quarters of 2022.
“Indeed, we can see from the budget cycle, the distribution of the government’s budget in the first and second quarters is usually lower. This is different from 2021 where our government spending will increase because our growth is also to maintain public consumption, which weakens during COVID-19,” he said.
BPS noted that Indonesia’s economic growth reached 5.44 percent year on year in the second quarter of 2022 or higher than the first quarter of 2022 which was 5.01 percent year on year. (mhn/bbs)
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