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Provoking Spending

Household spending is undeniably the engine of the Indonesian economy. It contributes more than 56 percent to total economic growth.

By
ENNY SRI HARTATI
· 5 menit baca
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KOMPAS/TOTOK WIJAYANTO

Enny Sri Hartati

Household spending is undeniably the engine of the Indonesian economy. It contributes more than 56 percent to total economic growth. It should not be difficult to maintain Indonesia’s economic stability by keeping spending growth stable. On the other hand, our economic stimulus policy will be-come ineffective, if it fails to stimulate domestic consumption.

Nevertheless, boosting domestic consumption is not instantaneous. Loving domestic products and hating foreign goods will not cut it. It is because the main driver of spending is purchasing power, which in turn, comes from the size of one’s disposable income.

Editor:
Syahnan Rangkuti
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