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🇮🇩 Indonesia /Economy & Trade

Prabowo, Luhut Discuss Economic Policies, Digitalization at Jakarta Palace

From Tempo · (2d ago) Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

TLDR

  • President Prabowo Subianto met with National Economic Council Chairperson Luhut Binsar Pandjaitan to discuss economic policies.
  • Key topics included safeguarding purchasing power, controlling the state budget, and accelerating digitalization of government services.
  • Indonesia is also seeking capital inflows from the Middle East amid regional conflicts and plans to establish an Indonesia Financial Center.

President Prabowo Subianto convened with Luhut Binsar Pandjaitan, the influential Chairperson of the National Economic Council, at the Merdeka Palace to deliberate on Indonesia's economic trajectory. The meeting, attended by two retired generals, focused on navigating both domestic economic conditions and the complexities of global dynamics. Luhut presented a series of policy scenarios aimed at bolstering public purchasing power and maintaining fiscal discipline within the state revenue and expenditure budget (APBN).

This includes the strengthening of government digitalization (govtech).

— Cabinet SecretariatThe official release following the meeting between President Prabowo and Luhut Binsar Pandjaitan, highlighting a key policy discussion.

A significant aspect of the discussion revolved around the acceleration of government digitalization, or 'govtech.' This includes piloting the digitalization of social assistance programs in Banyuwangi, with plans to expand this transparent and efficient distribution model to 42 other regencies and cities. Recognizing the potential opportunities arising from escalating regional conflicts, Indonesia is actively seeking capital inflows, particularly from the Middle East. To this end, the nation is prioritizing the establishment of the Indonesia Financial Center to enhance its attractiveness as an investment destination.

However, caution is still required. The government is preparing anticipatory measures to address the impact of global conflicts while simultaneously maintaining growth momentum.

— Cabinet SecretariatThe official assessment of the national economic situation after the meeting between President Prabowo and Luhut Binsar Pandjaitan.

While the meeting concluded with an assessment that national economic activities remain robust, a note of caution was sounded. The government is actively preparing anticipatory measures to mitigate the impact of global conflicts while striving to maintain economic growth momentum. The article also briefly mentions President Prabowo's separate meeting with Special Presidential Advisor Dudung Abdurachman to discuss defense matters, including the Main Defense Cooperation Partnership. This indicates a comprehensive approach to national security and economic stability, reflecting the administration's multifaceted priorities.

He typically seeks advice and input from us as advisors.

— Dudung AbdurachmanSpecial Presidential Advisor Dudung Abdurachman commented on his meeting with President Prabowo regarding defense issues.
DistantNews Editorial

Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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