2022 State Budget: Fiscal Policy and Structural Reform

Structural Reform Towards "Indonesia Maju 2045" and Out of the Middle-Income Trap GDP 2019 RANKING #16 *World Bank Making Indonesia 4.0 2020 2018 2019 ◇ Job Creation Law Income per capita : US$ 3.911,7 2021-2022 "New Normal" Entering the Political Year 2 Years Income per capita: STIMULUS RECOVERY 2022 US$ 4.174,5 G PRE COVID Source: Coordinating Ministry for Economic Affairs INDONESIA MAJU 2045 RANKING TOP 10 WORLD GDP 2035 2036 EXIT MIDDLE INCOME 2030 BONUS 2025 DEMOGRAPHY ELECTION 2024 NEW LEADER REFORM TRAP* 3 Years 5 Years Income per capita : US$ 6,305* Income per capita : US$ 8,804* Income per capita: US$ 12,233* POST *Based on the 2020-2024 National Medium Term Development Plan 23 23

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