President Jokowi Confirms the Transaction Deficit Runs Over a Year

INDUSTRY.co.id - Jakarta - President Joko Widodo expressed his belief that the problem of the current account deficit can be resolved within the next year.

"I think we can finish, I am sure we can solve it in a year," said President Jokowi in a meeting with the board and members of the Indonesian Chamber of Commerce and Industry (Kadin) at the Merdeka Palace in Jakarta on Monday. (08/27/2018)

The Head of State said that the biggest problem in the Indonesian economy is the current account deficit.

"This is a deficit that has not been repaired for a long time, I think we will focus there, especially on the trade balance and secondly on the primary balance," said the former Governor of DKI Jakarta.

He said that there had not been much done at this time to overcome the problem of the current account deficit.

"For example, yesterday we calculated for the use of B20 or biodiesel, if we can run it because the fuel price rises, we can get 6 billion US dollars and from the rising volume it can be 5 billion US dollars, from this one thing we have got 11 billion US dollars, like this that we never calculated in detail, "he said.

During the meeting President Jokowi was accompanied by the State Secretary Pratikno. While among the entrepreneurs who attended included Kadin Chairwoman Rosan P Roeslani, Garibaldi Thohir (Adaro), Anindya N Bakrie (Bakrie Group), Muki Hamami (Trakindo Utama), Martin Hartono (PT Djarum), Anthony Pradiptya (Plug and play ), Axton Salim (Salim Group) and Michael Soeryadjaya (Saratoga Investama Sedaya).