Indonesia continues to solidify its steps towards a digital economy. At the 2022 Indonesia Digital Financial Economy Festival, which is part of a series of G20 country meetings, President Joko Widodo (Jokowi) gave his direction regarding the digital economy.
The coordinating Minister delivered this presidential directive for the Economy Airlangga Hartarto in Nusa Dua, Bali, Monday (11/7/2022).
“Various digital financial initiatives are driven by strengthening character to change, be brave, and create new things. Motivate us to become digital players in our own country and main players in global markets for national economic recovery,” he explained.
The digital economy became one of the topics discussed at the G20 meeting. According to him, this is an opportunity to strengthen policies to create the foundation for an advanced Indonesia.
“Synergy to encourage stability for economic improvement for recovery efforts. Health and institutional recovery are encouraged to achieve efficiency and productivity,” he said.
“The G20 presidency recovers together recover stronger, the momentum of economic strengthening is especially strengthening, including the digitization of financial services, payments between countries and excise regulations between taxes, import duties between countries,” said Jokowi.
Another thing that should not be forgotten is the encouragement of MSMEs. “The acceleration of MSMEs is expected to encourage national products in the digital market. A balance of innovation and stability, and a digital and regional financial ecosystem,” he concluded.
Previously, SOE Minister Erick Thohir said that by 2030 Indonesia’s digital economy is estimated to grow 8 times, faster than the APBN which only grew 1.5 times.
“Our digital economy figure grows 8 times faster than the state budget which is 1.5 times, the digital economy cake is IDR 4,500 trillion and will become the largest in Southeast Asia in 2030,” explained Erick in the Public Lecture on Nationality of Great Work for Advanced Indonesia in Bandung, Tuesday (21/6/2022).
Therefore, Erick hopes that the public, especially those who are currently still students, are prepared. According to Erick, the digital economy is currently entering its third wave and he hopes that Indonesia will not only be a target market.
“Together, as in the early days of Covid-19, we each take on our respective roles. Some are infrastructure, others are building a digital society, and digital acceleration is,” said Erick.
The Ministry of SOEs is currently focusing on developing three things to optimize Indonesia’s digital transformation, including the development of digital infrastructure, the development of a digital society, and the acceleration of the digital ecosystem.