Inflation Control and Financial Facilities Strategy
Economic Transformation is Required to Recover the Economy
and Avoid the Middle Income Trap
Bill on Job Creation as a strategic and extraordinary national policy to recover and improve the national economy
(Complements UU 2/2020)
Bill on Job Creation
Economic Transformation
National Economy
Indonesia Maju
2045
Investment, Business
License (80 Articles)
Land Procurement (19
✓ Articles)
督
Gov Investment and Strategic
National Project (16 Articles)
MSMEs & Cooperative (15
Articles)
Ease of Doing Business (11
Articles)
☐
Fundamental Problems
Hyper Regulation
National and sub-national regulations = 43.604
Competitiveness
Less conducive business environment
Inefficient bureaucracy
High cost economy hampering export
Employment
Low productivity albeit productive age
Unemployed and part-time workforce
amounting to 45,8 million people (34,3%)
(before pandemic)
License and Ease of Doing Business
Employment (5 Articles)
☐
Licensing approach
Economic Zones (4
Articles)
Monitoring and Sanctions
(3 Articles)
Research and Innovation (1
Article)
Source: Coordinating Ministry for Economic Affairs
Convoluted and overlapped
Difficult to start and operate a business
MSME & Cooperative
Complex licensing
Without legal status
Minimum protection and facilitation
Legal Certainty
Criminal sanction for administrative sanction
0000
Growth
Equity
Top 5 Global
Economy
Out of middle-
income trap
Protection
Competitiveness
GDP of USD 7.4
trillion
Poverty Rate 0%
Competitive
workforce
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