Therefore, the potential for entrepreneurs to obtain KUR is still great, and this can also be used for the agricultural sector which is offered a cap of Rs 90 trillion.

Jakarta (ANTARA) – Coordinating Minister for Economic Affairs Airlangga Hartarto is optimistic about entrepreneurs working together and actively contributing to creating a conducive business climate to support Indonesia’s economic growth.

“I hope that through the National Entrepreneurs Network (Japnas) National Conference, entrepreneurs can play an active role in creating a conducive business climate and work together to support Indonesia’s economic growth,” Hartarto noted at the 2022 National Conference of the National Entrepreneurs Network (Japnas) in a statement here Friday.

The Minister asserted that entrepreneurs should continue to create innovations in their business by making the most of advancements in digital technology and big data to increase competitiveness and stay ahead in a competitive world.

Hartarto stressed that strong collaboration between government and business people was deemed necessary to address various economic challenges in the future, including synergies with local governments (Pemda), to encourage regional economic development, in particular to accelerate the downstream of raw materials.

The minister said one of the forms of government support for business was the distribution of People’s Business Loans (KUR), with a target of R373 trillion this year.

“Therefore, the potential for entrepreneurs to obtain KUR is still great, and this can also be used for the agricultural sector which is offered a cap of Rp 90 trillion. Next year, the target of KUR will again be increased to Rp 460 trillion,” Hartarto remarked. .

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The Minister explained that in the long term, the government will continue to ensure the implementation of structural reforms with the aim of encouraging competitiveness and improving the business climate in Indonesia through the Job Creation Act. and the implementation of an integrated e-commerce licensing services system (OSS RBA).

In addition, this year the government is continuing with the implementation of the R455.6 trillion National Economic Recovery Program (NEP), with a focus on supporting business activities as well as formulating a strategy for transitioning economic activity from the pandemic to the endemic phase. .

Hartarto is optimistic about Indonesia’s economic prospects going forward and reflects current achievements in the form of economic growth which reached 5.44% year-on-year in the second quarter of 2022 and the CEO’s Index. buying (PMI) which was at an expansive level for 11 consecutive months, while in July 2022 it was worth 51.3.

Indonesia’s trade balance has recorded a surplus for 27 consecutive months, and in the period January-July 2022, the figure had reached $29.1 billion, twice the surplus recorded during the corresponding period of last year.

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In addition, the quality of economic growth has been accompanied by an improvement in the level of community well-being by decreasing the poverty rate, from 10.19% in September 2020 to 9.54% in March 2022.

The unemployment rate decreased from 7.1% in August 2020 to 5.8% in February 2022.

In addition, Indonesia’s rice trade balance has always recorded a surplus, and in the period January-September 2022, rice production is expected to reach 26.45 million tons and rice consumption to reach 22.72 million tons.

As a result, there is a surplus of 3.73 tonnes, Hartarto said.

“We have been hailed by the International Rice Research Institute (IRRI) for achieving rice self-sufficiency. For food security, the president encourages food diversification, agricultural intensification and the development of seeds of genetically modified organisms (GMOs). security, we can focus on the energy sector in the future,” he remarked.

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