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Economic Proclamation

The proclamation of 17 August 1945 has equipped the nation with the foundation of the state (Pancasila) and the Constitution (UUD 1945) as guides to manage all affairs of Republic, including the economy.

Oleh Ahmad Erani Yustika
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Kompas/Wawan H Prabowo

Mural paintings to enliven the 75th Anniversary of Indonesian Independence decorate the walls in the Old City area, Jalan Pintu Besar Selatan, Pinangsia Village, Taman Sari District, West Jakarta, on Thursday (20/8/2020).

The proclamation of 17 August 1945 has equipped the nation with the foundation of the state (Pancasila) and the Constitution (UUD 1945) as guides to manage all affairs of Republic, including the economy.

The ups and downs of economic development were pursued in order to ensure that the mandate of the proclamation is fulfilled. In the Old Order era (1945-1965) under Soekarno's rule, it could not be fully said that economic development had taken place as it has now.

Editor: Nasrullah Nara
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