
“While we reached 91st place last year, our target is to reach 40th. We have to analyse |everything in detail, whether |it’s our licensing or regulations that remain problematic,” |he said during the opening of |a cabinet meeting on |Wednesday.
To achieve the target, the ministries have to draft detailed plans, Widodo said, adding that they had to make improvements to fulfil the EODB’s indicators.
In last year’s World Bank index titled “Doing Business 2017: Equal Opportunity for All”, Indonesia jumped 15 places to reach 91st place.
The report claimed that Indonesia was among the world’s top 10 most improved based on reforms, along with Bahrain, Belarus, Brunei, Georgia, Kazakhstan, Kenya, Pakistan, Serbia and the United Arab Emirates.
Furthermore, there were seven key areas that Indonesia had reformed, including the ease to establish a business, access to electricity, registering property, acquiring finance, paying taxes, cross-border trade and establishing contracts.
Widodo has also instructed his cabinet to find ways to improve economic growth in 2018.
“With the global economy healing, we must be brave enough to raise our economic-growth target [to] between |5.4 and 6.1 per cent,” |he said.
He called on his cabinet to be optimistic, but realistic, when composing the 2018 state budget draft. Furthermore, he called on his government to think and act outside the box in order to achieve their targets.
“All the ministries must work hard and implement concrete steps. They should not just work in a routine business-as-usual manner,” he said.
Indonesia’s gross domestic product grew by 5.02 per cent last year, lower than the targeted 5.2 per cent. In the 2017 state budget, GDP growth is targeted at 5.1 per cent.