Economist Doubts Jokowi’s Prediction of Doubled Per Capita Income in 2023

Berita304 Dilihat

TEMPO.CO, Jakarta – Indonesian President Joko “Jokowi” Widodo predicted that the country’s per capita income would reach Rp153 million in 2033. An economist from the Center of Economic and Law Studies (Celios), Bhima Yudhistira, expressed doubt that the goal was attainable.

“It is difficult to achieve,” Bhima told Tempo on Friday, August 18, 2023. “Based on the assumptions conveyed by Pak Jokowi, this means that the average growth is more than 7-8 percent, while in 2024, the Indonesian economy is estimated to grow around 5 percent.”

Bhima explained that what is more contradictory is the government’s downstream program, which is considered an effort to promote high economic growth. He assessed that the country’s good grades nickel reserves only last for the next seven years.

“With the goal of increasing per capita income in the next ten years, how can we rely solely on downstream minerals and coal?” said Bhima.

According to him, there needs to be a breakthrough in terms of energy transition, carbon potential, and the digital economy. “It seems that Pak Jokowi has not yet mentioned these three things as the new opportunities for the Indonesian economy,” he argued.

In his State of the Nation Address to Parliament on August 16, 2023, President Jokowi shared his prediction that Indonesia’s per capita income would reach Rp153 million or US$10,900 in the next 10 years.

“For comparison, Indonesia’s per capita income in 2022 was Rp71 million. This means the figure will more than double in 10 years,” Jokowi said at the Senayan Parliament on Wednesday.

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