Kedutaan Besar Republik Indonesia
Ottawa
Embassy of the Republic of Indonesia
Ambassade de la RÉpublique d'Indonésie

Bappenas: Indonesia Can be a Developed Country in 2045

TEMPO.CO,A�Jakarta – National Development Planning Agency (Bappenas) Head Bambang S. Brodjonegoro recently stated thatA�Indonesia would be able to become a developed country by the year 2045 or 100 years post-independence if the economic growth is consistent within 5 percent.

a�?If Indonesia can be consistent with a 5 percent average growth scenario, Indonesia will become a high-income country by the year 2038 or 2039,a�? said Bambang during the opening of the a�?Indonesia Infrastructure Weeka�� event on Wednesday, November 8.

A consistent economic growth of 5 percent can translate into a US$20,000 state revenue per capita. Indonesiaa��s current revenue is around US$3,600 to US$3,700.

a�?The challenge is will we able to maintain that 5 percent growth annually?a�? said Bambang. He also underlined the importance of infrastructure development as an asset to improve Indonesiaa��s economy.

Indonesiaa��s infrastructure towards the countrya��s GDP in 2012 has only reached 38 percent.A�Indonesia is still running behind compared to India (58 percent), China (76 percent), Poland (80 percent), and South Africa (87 percent). Meanwhile, Japan as a developed country has a GDP to infrastructure stock of 178 percent.

Caesar Akbar