Reform yang dikehendaki tidak lain dari pada privatisasi
perusahaan-perusahaan yang dimiliki negara.

https://www.thejakartapost.com/news/2019/08/01/indonesia-needs-to-issue-more-reform-packages-to-spur-economic-growth-imf-says.html?src=mostviewed&pg=news/2019/08/02/polygamous-man-accused-of-raping-daughter-beaten-in-detention.html

*Indonesia needs to issue more reform packages to spur economic growth, IMF
says*

The Jakarta Post

Jakarta   /   Thu, August 1, 2019   /   04:13 pm


The executive board of the International Monetary Fund (IMF) commended the
authorities’ policy response in the face of strong external headwinds in
2018, which supported positive economic performance.

While noting the favorable economic outlook, the directors encouraged the
authorities to remain vigilant against risks, including from capital flow
reversals, considering Indonesia’s reliance on external financing.

In their assessment report on the Indonesian economy titled the 2019
Article IV Consultation with Indonesia, which was released on Thursday, the
directors considered that achieving higher potential growth requires a
comprehensive structural reform package, including higher domestic revenue
mobilization and financial deepening, which would reduce vulnerabilities
and facilitate complementary reforms in human capital, infrastructure and
labor and products markets.

The executive board estimated Indonesia’s GDP growth would remain stable at
5.2 percent in 2019 and 2020, and rise to 5.3 percent over the medium term,
underpinned by robust domestic demand.

The directors welcomed the appropriate focus of the near-term policy mix on
protecting macroeconomic and financial stability, safeguarding buffers, and
addressing vulnerabilities.  They also welcomed the authorities’ continued
efforts to protect fiscal buffers, including with the elimination of the
primary deficit in 2018, and improve the quality of spending by rebalancing
expenditure toward infrastructure, education, health, and social safety
nets.

However, they noted that government revenues remain below peer countries
and was insufficient to finance the authorities’ development goals. In this
context, they highlighted the critical need to implement a medium-term
revenue strategy, which combines well-sequenced and prioritized tax policy
and administration reforms, to finance priority spending and structural
reforms, and lessen reliance on external financing. (hen)
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