Rp. 4,983 T Investment to boost economic growth

Jakarta, Aceh Bisnis - The national economy is currently still under pressure due to the COVID-19 pandemic. Based on data from the Central Statistics Agency (BPS) in the third quarter of 2020, the Indonesian economy still contracted by 3.49%.

Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia revealed that to achieve 6% economic growth, an investment of Rp 4,983.2 trillion is needed.

"If we want our economic growth to be 6%, this is the target that will be carried out until 2024," said Bahlil at the PT BNI Asset Management (BNI-AM) Webinar event holding the 2021 Market Outlook event with the theme "Resilience to Counter Economic Turbulence", Tuesday ( 17/11/2020).

He revealed that to achieve the target in 2024, this year's investment realization must be IDR 817.2 trillion. Then in 2021, it will be Rp 858.5 trillion, in 2022 Rp 968.4 trillion, 2023 Rp 1,088.8 trillion, and 2024 Rp 1,239.3 trillion.

"We were given a target by Bappenas of IDR 886 trillion in 2020 before the COVID-19 pandemic, but we revised the pandemic to IDR 817.2 trillion, so until September we have realized IDR 611.6 trillion," he explained.

Bahlil said that to achieve this target, BKPM facilitates investors to increase investment. Starting from convincing investors that Indonesia is an investment paradise.

Then overseeing licensing services, overseeing financial closing, end-to-end escorting investors in investment realization to overseeing the production stage.

President Director of BNI Asset Management Putut Endro Andanawarih said inflation in 2021 would be higher than this year. Inflation is a condition of an increase in the prices of goods and services in general and continuously.

"(Inflation) This is in line with the increasing distribution of government stimulus. Bank Indonesia's interest policy is relatively stable at the level of 3.75-4% in line with the rising inflation rate. But there is still potential for a 25-50 bps rate cut from the current level, " he said at the 2021 Webinar Market Outlook with the theme "Resilience to Counter Economic Turbulence", Tuesday (11/17/2020).

From BI data, inflation for the second week of November 2020 was 0.21% monthly. Then on a calendar year basis 1.17% and an annual basis 1.53%.

The main contributors to inflation were purebred chicken meat at 0.08%, red chilies at 0.03%, chicken eggs, and red onions at 0.02%. Then cooking oil, tomatoes, and garlic experienced inflation of 0.01% month to month.

Putut said the projected economic growth at the level of 4-5.1% (upside risk at 6%) in 2021, driven by gradual recovery from the re-opening of the economy, especially when vaccines can be distributed.

"In addition, it is estimated that investment and exports will increase, as well as spending and the Government's stimulus program are still quite solid. The 10-year SUN yield is estimated to move in the range of 6.27 - 6.65% (risk 7.3%) supported by local liquidity and the return of foreign investors. to the bond market in Indonesia," he explained

Link. https://www.acehbisnis.com/news/rp-4-983-t-investasi-buat-genjot-pertumbuhan-ekonomi/index.html