00:00SITUATION OF DOMESTIC ECONOMY
00:05The situation of the domestic economy, which is weakening,
00:07is admitted to make the purchasing power of the people is getting lower.
00:10According to Indonesia's Economic Corp's expert, Mohd Faisal,
00:13the weakness of the purchasing power can be seen from the latest consumer price index data,
00:17which was recorded to experience a deflation of 0.03%.
00:22Faisal called the anomaly of deflation that occurred over the past four months
00:25indicating that the economy in the country is in the middle of an economic crisis
00:30because the consumption of the people is the main source of economic growth
00:34with a contribution of more than 50% of GDP.
00:37Faisal stated that the anomaly of deflation can only be seen
00:40when the economy enters a crisis period such as the economic crisis of 2020
00:44during the COVID-19 or the economic crisis of 1998.
00:48Faisal asked the new government to act immediately
00:51to ensure that the program of increasing purchasing power and increasing industry
00:55must be carried out quickly.
00:56In addition, the implementation of policies through fiscal incentives
00:59is expected to have a positive impact at the end of this year.
01:03Incentives for the middle class are also carried out
01:06to ensure that the purchasing power of the people does not drop too much.
01:12So, the implementation of policies is needed comprehensively
01:16both in fiscal policies and in the real sector,
01:19which should also be followed or supported by monetary policies by Indonesia
01:24to loosen the policy, to give a bigger room for domestic economy,
01:32to speed up employment, increase income,
01:36and avoid counterproductive policies
01:40regarding the increase in purchasing power,
01:42be it from the point of view of tax incentives or receivables.
01:47Okay, so it turns out that these things are not always described as something positive.
01:54It turns out that there are other questions behind it,
01:57that the economic condition is not good.
02:00Yes, because consumption in the domestic market is also affected.
02:04Okay, we will be back soon.
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