Jakarta’s Economy Is Predicted to Grow by 6.4% in 2024

DKI Jakarta
DKI Jakarta

It is unlikely that the relocation of the capital to East Kalimantan will significantly affect Jakarta’s economy. Jakarta’s economic growth is even projected to reach 6.4 percent in 2024.

This prediction was conveyed by the Acting Governor of DKI Jakarta Heru Budi Hartono. According to him, DKI Jakarta’s economy in 2022 will grow by 5.25 percent.

On the other hand, based on data from Bank Indonesia (BI), the economy of DKI Jakarta in 2023 is expected to grow in the range of 5-5.8 percent. This figure is slow compared to 2022 due to unfavorable global economic conditions.

Meanwhile, inflation was maintained at around 3 percent on a year-on-year (yoy) basis. This achievement is good news amid predictions of an economic slowdown in 2023. Meanwhile, Jakarta’s economy in 2024 is also projected to grow by 6.4 percent.

Regarding the prediction of this increase, Heru emphasized that Jakarta as a global city needs to be alert in anticipating the possibility of a decline in economic conditions due to international conflicts.

Heru Budi also emphasized that the orientation of budgeting should not only focus on output, but also must achieve outcomes and provide benefits to the community at large, and be guided by the principles of budget efficiency and effectiveness.

Furthermore, in the 2024 RKPD public consultation forum, Heru Budi conveyed that the development direction for the City of Jakarta is to increase city resilience through strengthening the economy and strengthening the quality of basic services.

This policy direction is following the planning in the 2023-2026 Regional Development Plan (RPD) document.

The 2024 RKPD Public Consultation Forum is a good opportunity for DKI Pemprov and all stakeholders to collaborate, synergize, as well as share input.

Therefore, Heru asked for input from all stakeholders to become material in perfecting the 2024 Jakarta development plan.