Bisnis, JAKARTA — According to Finance Minister Sri Mulyani, the target of achieving an economic growth rate of 5.3% to 5.7% in 2024 is realistic and achievable. In line with this perspective, the government emphasizes increasing awareness and understanding of global economic conditions.
The Macroeconomic Framework and Principles of Fiscal Policy (KEM PPKF), which will serve as the foundation for the 2024 State Budget, assume that the economic growth for the following year can reach the aforementioned range. "The government considers this projection as a realistic one," she stated, as quoted from the Finance Ministry website on Wednesday, June 7, 2023.
She further mentioned that as Indonesia has an open economic system, the prospects for its economic growth will be influenced not only by domestic factors but also by the dynamics and outlook of the global economy.
According to Sri Mulyani, the global growth prospects for 2024 are anticipated to improve compared to the current year, which is considered the weakest. It is projected that global economic growth will accelerate in the following year, with an estimated rate of 3%, compared to 2.8% in 2023.