President Jokowi Acknowledges Indonesia's Economic Growth is Better

INDUSTRY.co.id - Jakarta - President Joko Widodo said Indonesia's condition is now getting better and better than three years ago when he started his government with economic growth above five percent every quarter of this year.

"Two months ago marked exactly three years of my reign and the atmosphere is significantly improving, preferably my first one-year government in 2015," said President Joko Widodo (Jokowi) in a key speaker of the President of the Republic of Indonesia on "The Year Ahead Asia - Bloomberg "in Mega Kuningan, South Jakarta, Wednesday (6/12/2017).

He said the government's efforts to carry out structural reforms to boost economic performance began to show results.

It said the President, while allowing the fiscal space to start and finalize large infrastructure project plans across the country.

"These positive developments are due to one thing and one thing, reform," he said.

He underlined the Indonesian economy that grew by more than 5 percent each quarter this year and is expected by the government to increase 5.4 percent in 2018.

That figure is still under the target of 7 percent set Jokowi when he came to power three years ago.

Therefore, he said, his Government continued to work hard on reforms, including cutting fuel subsidies to create a looser fiscal space to be diverted to finance the construction of roads, railways and ports.

Jokowi insists his government is on the right track to finalize most of the infrastructure projects under construction during the five-year government period.

The President on that occasion delivered two lessons he learned during his three-year reign which was a better condition after reform efforts and an optimistic attitude he thought would always prevail.

He pointed out that the World Bank which provides an index of ease of business or Ease of Doing Business in Indonesia which improved from the rank of 106 in 2016 to 72 in 2017.

There is even a global survey that puts Indonesia on the first rank in terms of public trust index from the government side.