Prabowo Subianto, from the Indonesian Paradox to Golden Indonesia 2045

The economy prioritizing the people is the economic vision of Prabowo Subianto who is paired with Gibran Rakabuming Raka.

The following article was translated using both Microsoft Azure Open AI and Google Translation AI. The original article can be found in Prabowo Subianto, dari Paradoks Indonesia ke Indonesia Emas 2045

KOMPAS/RONY ARIYANTO NUGROHO

Presidential candidate number two, Prabowo Subianto, was about to deliver a speech at the Prabowo-Gibran Youth Muslim Support Declaration (Gemuis) at Balai Kartini in Jakarta on Monday (18/12/2023).

Running for the third time as a presidential candidate, Prabowo Subianto faithfully supports the theme of people's economics as a concept for transforming Indonesia into a developed and prosperous country. However, in the framework of achieving the goal of a Golden Indonesia 2045, the foundation that started from the Indonesian Paradox thinking shifted to the concept of togetherness for sustainability.

When Prabowo initially entered the world of politics, he avidly echoed his thoughts on the Indonesia Paradox. Indonesia is a wealthy country, yet its citizens are poor and not prosperous.

In the book entitled Indonesian Paradoxes and Solutions (2022) that he wrote, Prabowo said, with the wealth it has, Indonesia should be able to become an upper class country, not trapped as a middle class country.

However, Indonesia's current economic direction is not yet appropriate or in accordance with the mandate of Article 33 of the 1945 Constitution. Rather, Indonesia is trapped in an oligarchic economic system where 66 percent of the country's wealth is controlled by the top 10 percent of the richest individuals.

Prabowo also stated that the state budget is far from ideal, currently standing at only around 10 percent of the gross domestic product (GDP). Indonesia is considered unable to stand on its own two feet due to the government's dependence on debt. In fact, to pay off the interest of the debt, the country must take on new debt.

To become a developed country, Indonesia must achieve sustainable double-digit economic growth of over 10 percent. Only with double-digit growth for 10 consecutive years, starting with an average growth of 7 percent over five years, can Indonesia escape the middle-income trap.

To achieve that, there are two major problems that need to be addressed. First, stopping the country's wealth from flowing out due to inappropriate policies. Second, democracy should not be dominated by big investors.

Also read: Prabowo Emphasizes the Importance of Strategic Commodity Downstream

Indicators of the country's wealth flowing abroad can be seen from "leakage" of export data in the trade balance, meaning that errors occur in recording the value and volume of exports (misinvoicing). During 2004-2013, the total leakage due to this error reached 167.7 billion US dollars or at an exchange rate of Rp. 14,000 per US dollar, equivalent to Rp. 2,300 trillion.

In addition, many entrepreneurs place their funds overseas. In 2016, there were Rp 11,400 trillion worth of Indonesian entrepreneur's funds parked overseas.

According to Prabowo, that is a major problem. If money does not stay in Indonesia, the government will not have enough funds for development. There will be no multiplier effect to move the economy forward.

Political decision

Iklan

State wealth management is a political decision, both at the national and regional levels. Erroneous political decisions will only make the people poorer, while appropriate ones will lead to prosperity. Therefore, Prabowo has decided to engage in politics.

KOMPAS/RONY ARIYANTO NUGROHO

Presidential candidate Prabowo Subianto bid farewell from his car after campaigning at Saung Kita, Cilincing, North Jakarta, on Friday (8/12/2023). The campaign of candidate number 2 was filled with a feast, providing lunch to local residents who attended the campaign.

In line with the idea of ​​overcoming this paradox, when he became a presidential candidate in the 2014 elections, Prabowo's vision was, among other things, to build a strong, sovereign, just and prosperous economy based on a people's economy. For this reason, he will close the leakage of state money amounting to IDR 1,000 trillion per year and increase the average income of the population to IDR 6 million per month (Kompas, 7/7/2014).

Prabowo still consistently views the nation's problems from the perspective of Indonesia's paradoxes when running again for the 2019 presidential election. To fix this problem, Prabowo suggests the need to reorient development and management of the country (Kompas, 15/1/2019).

According to him, a strong country can be achieved if it successfully achieves self-sufficiency in food, energy, and clean water. In addition, it can also be achieved by establishing government institutions and law enforcement with integrity, as well as making the military outstanding while remaining loyal to the people.

The economy must prioritize people in order to increase the quality of life and prosperity. This people's economy is the common thread of Prabowo's economic vision until he runs again as a presidential candidate for the third time in the 2024 Election.

KOMPAS/RONY ARIYANTO NUGROHO

One of the posters carried by residents during presidential candidate Prabowo Subianto's campaign at Saung Kita, Cilincing, North Jakarta, on Friday (8/12/2023). The campaign of the number two presidential candidate was filled with a Big Lunch event, providing lunch for local residents who attended the campaign.

However, in transforming into an advanced and prosperous country, the current context is to utilize the time and opportunities that are only left for around two decades towards 2045. Therefore, continuing what the previous president has done will create a conducive situation.

Golden Indonesia 2045

The challenges that Indonesia faces to achieve Indonesia Emas 2045 are not easy. Acceleration and sustainability of development must be carried out amidst global economic and geopolitical uncertainties, as well as the climate crisis.

To achieve Indonesia Emas (Golden Indonesia) by 2045, sustainable economic growth of 6-7 percent is needed starting in 2025. The growth must be supported by strengthening the government's role in the economy and development that is in line with the philosophy of Pancasila economy.

In explaining Prabowo-Gibran's vision, mission, and programs, the principles of Pancasila economics are considered as an economic philosophy that takes the best essence of capitalism and socialism. It is an economic philosophy that promotes innovation with market freedom, while also paying attention to and ensuring social safety nets for the weakest members of society.

Of the eight Asta Cita missions formulated, some refer to economic development. The essence is to strengthen the national defense and security system and promote national self-reliance through food, energy, water self-sufficiency, sharia economy, digital economy, green economy, and blue economy.

KOMPAS/WILLY MEDI CHRISTIAN NABABAN

Presidential candidate number 2, Prabowo Subianto, along with his entourage, listened to a sermon from the leader of the Miftahul Huda Islamic boarding school, Asep Maoshul Affandi, during his debut campaign at the Miftahul Huda Islamic boarding school in Tasikmalaya, West Java, on Saturday (2/12/2023).

Infrastructure development will be continued to increase the quality of job opportunities, encourage entrepreneurship, develop the creative industry, as well as develop the agro-maritime industry in production centers through the active role of cooperatives.

In addition, it is necessary to continue downstream and develop resource-based industries to increase added value domestically. Villages are central because development begins in the village for economic growth and equality, as well as poverty eradication.

The free lunch and milk program in schools and Islamic boarding schools, as well as nutritional assistance for children under five and pregnant women, is only one of eight fast-track programs to overcome stunting in order to achieve better quality of human resources and quality of life. Good.