Rabu 21 Feb 2024 11:30 WIB

Erick Thohir Explains Global Recession Indonesia Chance to Improve Economy

Erick Thohir expects economic growth will be much better.

Rep: Dian Fath Risalah/ Red: Erdy Nasrul
BUMN Minister Erick Thohir.
Foto: Republika/Prayogi
BUMN Minister Erick Thohir.

REPUBLIKA.CO.ID, JAKARTA -- Indonesia's Minister of State-Owned Enterprises (BUMN) Erick Thohir said there is no need to fear the recession that is haunting global economic conditions. He said the country's economic growth data of 5.05 percent was already higher than the average global economic growth of 5.03 percent.

“Next year, we hope growth will be even better. If today it is 5.05 percent, hopefully in the next year it will be 5.5 percent. Ketokanyak is a recession-hit country but it is actually Indonesia's opportunity to grow,” said Erick at the Groundbreaking of BNI Building Development at PIK 2, Banten, Tuesday (20/2/2024).

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One of the strategies that can promote economic growth in Indonesia is the consolidation carried out by both the central and local governments. Such as ease of granting permission to invest, licensing of land etc.

“That's how we encourage private companies to grow, state-owned enterprises also grow and if they can be synergized, this is certainly a better policy. So when Britain is in recession, Japan is in recession does not mean we (Indonesia) are in recession. It's precisely opportunity, at a time when other countries are slowing down, we're accelerating their growth. Only we can not improve ourselves by being more friendly to the market and investment,” he said.

Previously, Erick showcased the red plate company's moncer performance throughout 2023. He said the assets of state-owned enterprises jumped dramatically within 3.5 years from Rp6 thousand trillion to Rp10 thousand trillion.

'It's incredible. If our profit used to be only Rp 13 trillion, now it is Rp 250 trillion,” he said.

Erick also said SOEs contribute a lot to the State Revenue Not Taxed (PNBP) through the distribution of dividends to the state. Throughout 2023, SOEs have deposited dividends of IDR 81 trillion.

According to him, that number is the highest in history. He also targets that in 2024 SOEs will deposit even more dividends, amounting to Rp 85 trillion.

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