Friday, May 10, 2024 | 02:15 WIB

Indonesia’s 3 Presidential hopefuls Plan to Shape the Nation’s Future Exit from the Middle Income Trap

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Twenty-one different commodities, such as bauxite, which is a raw material used to make aluminum, are going to be put through the silicate process. It is impossible to overstate the significance that bauxite brings to aluminum. Even though we import them, we sell a great deal of raw materials at low prices and in large quantities. Taking into consideration the screen, the derivatives of bauxite are so plentiful that they are able to endure in a variety of sectors. Prabowo has a positive outlook, that the rate of economic growth might approach double digits. Everything is going to be developed, and we are going to make it a priority to develop everything. Indonesia is an archipelagic and maritime country, it is possible for one of these seaweeds to serve many purposes. 

General elections are a few days away. No matter how good the vision and mission of the 2024 presidential candidate is, the decision lies with every citizen who has the right to vote in the polls. But the time has come for the presidential and vice-presidential candidates who understand the issue and have the ability to take Indonesia out of the middle-income trap country to realize Indonesia’s Gold 2045 within the Pancasila Economy framework as consistently implemented by President Jokowi for 10 years. It took more than three decades to implement the idea of a Pancasila Economy that was born in the era of the 70s. It’s time the President and Vice-President elected are able to proceed. 

Indonesia seeks leaders who can bring the people out from a Middle-Income Trap country. As Prabowo Subianto stated in front of respective KADIN members, the core of the problem is the need for political will. If there is political will, there will be a priority in the allocation of resources. There’s more to do with tensions, so we can figure out the value added that has an impact on the national income. Spending needs political will as well. With courage, even if it is managed prudently, there must be an impetus for productivity. 

Furthermore, all presidential candidates together agreed that the state also profits through taxes and natural resource acquisition. Tax reform needs to be launched, by improvement of the state’s financial institutions, the need for a state-run receiving body that is separate and directly responsible to the president and separate from the treasury activities. Tax modernization in a digital system so that those responsible can be held accountable. facilitating the process of tax payments, expansion of coverage, fiscal cadasters. 

Read: Palace Rubbishes Rumour That 15 Ministers Are Resigning

There’s no magic recipe for sustainability efforts; a carbon tax is one way to another, because taxes are important, but emphasize efficiency. So, whoever we choose for presidential candidate, choose wisely for the sake of welfare state interest in the form of an Ekonomi Pancasila framework. 

In the end, the success of national development depends not only on the Government of the State of Indonesia, but also on the participation of the entire society, both in bearing the burden of development, taking responsibility for the implementation of development and above all also in participating in enjoying the results of development.

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