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6 percent economy growth requires Rp35.4t investment: Bappenas

Tempo - December 17, 2019

Antara, Jakarta – Indonesia's plan to reach a six percent economy growth requires at least Rp35.428 trillion investment for the 2020-2024 period, the Ministry of National Development Planning/the National Development Planning Agency (PPN/Bappenas) estimated.

Of the total investment figure, the Indonesian government will contribute 9.4 percent, while 8.8 percent will come from state-owned enterprises, the ministry added in a draft of the national medium-term development plan (RPJMN) for the 2020-2024 period.

The private sector will cover at least 81.8 percent of the total investment figure, the ministry added.

Following the targets, the authority aims to utilize some alternative funding schemes, the ministry's Director of Under-Developed Region, Transmigration and Village Affairs, Velix Vernando Wanggai said in Jakarta.

The government will prompt private sectors, state-owned enterprises, and city-owned enterprises to set up collaborations in term of funding infrastructure projects, Wanggai explained.

Apart from a collaborative funding scheme, the authority will boost growth in several fields, including manufacture and tourism, the Ministry's Maritime Affairs and Natural Resources Deputy, Arifin Rudiyanto said.

However, the authority needs to simplify the regulations to attract more investors in the manufacturing industry, he added.

Source: https://en.tempo.co/read/1284525/6-percent-economy-growth-requires-rp35-4t-investment-bappenas