Prabowo calls for Indonesia's economy to align with Pancasila principles

President Prabowo Subianto has urged a significant shift in Indonesia's economic model, advocating for a system that more closely embodies the principles of Pancasila, the nation's foundational ideology. Speaking at the Pancasila Day commemoration ceremony in Jakarta, Prabowo stated that the country's economic progress has not been equitably distributed among its citizens.

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Transformation from an economy that is not yet fully based on Pancasila toward an economy that truly embodies Pancasila.

"Transformation from an economy that is not yet fully based on Pancasila toward an economy that truly embodies Pancasila," Prabowo declared. He elaborated that a Pancasila-based economy should be religious, humane, and foster national unity. His administration is currently promoting policies aimed at accelerating growth, reducing disparities, and expanding social welfare programs.

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What does a Pancasila-based economy mean? First, it is an economy that is religious, humane, and strengthens national unity.

Prabowo stressed the importance of managing Indonesia's abundant natural resources responsibly, viewing them as a trust that should contribute to widespread prosperity for both the current population and future generations. He posited that economic development should be assessed not solely by growth metrics but also by tangible improvements in the daily lives of ordinary Indonesians, citing examples such as better nutrition for vulnerable groups, fertilizer support for farmers, enhanced market access for fishermen, and stronger worker protections.

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A Pancasila economy is an egalitarian, people-oriented economy. Our economic system is based on the blueprint laid out by the nation’s founders.

The president further asserted that Indonesia's economy must prioritize collective and national interests, moving away from a system that primarily benefits a small segment of the population. "A Pancasila economy is an egalitarian, people-oriented economy. Our economic system is based on the blueprint laid out by the nation’s founders," he remarked, referencing Article 33 of the 1945 Constitution. This article emphasizes a collective economic endeavor based on mutual cooperation, with the state overseeing natural resources and key production sectors for the public good. Prabowo underscored social justice as a cornerstone of economic policy, ensuring that economic progress is shared more broadly across society.

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We no longer want to talk only about development. We now have a more ambitious goal. We are implementing, and will continue to implement, a national transformation strategy that is aligned with the principles of Pancasila.