Indonesia Should Focus on Getting More Foreign Investment, Says Fmr. Finance Minister

The video discusses Indonesia's economic challenges, focusing on balancing growth and stability. It highlights the need for foreign direct investment and reforms in fuel subsidies and labor laws. The risk of an aging population without sufficient economic growth is addressed, along with the importance of increasing tax revenue. The discussion also touches on the political realities of implementing reforms and the role of the economic team in driving growth.

What is considered a priority for Indonesia to balance growth and stability?

• Reducing the current account deficit below 3%

• Attracting foreign direct investment

• Increasing government spending

• Focusing on domestic consumption

Why is it crucial for Indonesia to achieve a growth rate above 6%?

• To increase exports

• To absorb new employment entrants

• To reduce inflation

• To improve infrastructure

What has been a significant barrier to Indonesia's investment in infrastructure and education?

• Lack of skilled labor

• Political instability

• Fuel subsidies

• High inflation rates

Which countries benefited from the US-China trade war, unlike Indonesia?

• Philippines and Singapore

• Vietnam and Thailand

• Japan and South Korea

• India and Malaysia

What is a necessary reform to improve Indonesia's position in the global supply chain?

• Reforming labor laws

• Reducing corporate taxes

• Increasing tariffs

• Subsidizing exports

What is a challenge in increasing Indonesia's tax revenue to GDP ratio?

• Complex tax laws

• Limited tax base

• High tax rates

• Lack of data

What external factor influences Indonesia's economic stability?

• European Central Bank policies

• Federal Reserve's interest rate decisions

• China's economic growth

• OPEC's oil production levels