Achieving the 2045 Goals

In his inaugural address at the People’s Consultative Assembly (MPR) on 20 Oct. 2019, President Jokowi laid out the economic development goals for 2045.

KOMPAS/WAWAN H PRABOWO

President Joko Widodo delivers his speech after being sworn in the General Session of the People’s Consultative Assembly (MPR) at the Senayan Legislative Complex, Jakarta, Sunday (20/10/2019). On that occasion, President Joko Widodo disclosed a number of priority programs such as human resource development, continuation of infrastructure projects, arrangement of regulations and bureaucratic governance, and economic transformation.

The President has set three achievement indicators: 1) per capita income of Rp 320 million per year; 2) nominal gross domestic product (GDP) of US$7 trillion, equivalent to Rp 98,000 trillion (assuming an exchange rate baseline of Rp 14,000 per US dollar; and 3) near-zero poverty rate.

To achieve these goals, the President is to start delivering on five pillars in 2020: 1) develop the quality of human resources (HR); 2) continue infrastructure development; 3) trim regulations and draft overarching laws, i.e. the employment law and the small and medium enterprises law (UMKM); 4) simplify bureaucracy; and 5) economic transformation.