Prabowo Subianto, the President-elect for 2024-2029, expressed his optimism about Indonesia’s economy being able to achieve growth of up to 8% in the next two to three years. He made this statement during the 2024 Qatar Economic Forum in Doha. Prabowo discussed his confidence in reaching this growth target, stating that he has consulted with experts and analyzed the numbers to support his belief. He also emphasized his determination to surpass this target within the specified timeframe, with Vice President-elect Gibran Rakabuming Raka by his side.
Prabowo highlighted the importance of downstreaming policies in driving future economic growth, acknowledging that it would take some time to implement these policies effectively. He identified agriculture, food production and distribution, and energy as key drivers of economic growth during the initial year of his leadership. Prabowo also outlined plans to promote green initiatives, such as producing diesel from palm oil, which he believes will significantly boost economic growth by reducing the country’s dependence on diesel imports.
While emphasizing the need for downstreaming policies to decrease imports, Prabowo clarified that this approach does not indicate a protectionist economic stance for Indonesia. He stressed the country’s ambition to evolve into an advanced industrial nation, rather than solely relying on raw material exports. Prabowo added that prioritizing national interests and maximizing the value of Indonesia’s natural resources are essential for the country’s economic prosperity. He rejected the perception of protectionism, stating that every nation seeks to safeguard its core interests and ensure the welfare of its people through strategic economic policies.
In conclusion, Prabowo reiterated Indonesia’s commitment to industrialization and the need to leverage its resources for the benefit of its citizens. He underscored the importance of attaining full value from natural resources and reducing the reliance on imported industrial goods to foster a fair and prosperous economic environment for Indonesia.
