00:00After two years of Ramadan, the country's economic situation continues to deteriorate.
00:06The latest figures show that we have achieved an economic growth of 5.2% for the first nine months of 2024.
00:17This is actually more than our peak, which we announced last year, which is a growth of about 4-5%.
00:28Unemployment as of September 2024 fell to 3.2%, which is the lowest since January 2020.
00:39Inflation in October 2024 remained low at 1.9%.
00:48Although, as I have repeatedly emphasized, we should not be overwhelmed by these figures
00:55because the problems of life and cost of living still burden some of our people.
01:01Next year, God willing, the agenda for innovation will be implemented more effectively
01:07and it is believed that the country's economy will grow steadily between 45% and 55%.
01:17The third step of economic investment will support each of the three pillars of the economic agenda,
01:25which is to boost the economy, create jobs, and prosperity for the people.
01:33This third step of investment will boost fiscal innovation, which is more robust and targeted.
01:41The government will continue to balance efforts to strengthen financial institutions
01:46so that it is more robust and, at the same time, ensure that the fiscal base still supports the momentum of the country's economic growth.
01:54The first step is to reduce the deficit rate consistently.
02:02In 2022, the deficit rate was 5.5%.
02:07In 2023, we reduced it to 5%.
02:12In 2024, Alhamdulillah, we reduced it to 4.3%.
02:17In 2025, we reduced it to 3.8%.
02:24It is not easy, but with determination, all parties, Alhamdulillah, we have achieved something that is very meaningful
02:31to convince investors in the country, abroad, and create even more robust growth.
02:40In other words, the government has managed to control the amount of new debt that has been falling.
02:46Sometimes, some of the parliamentarians and those outside the government are belittling this issue.
02:54They say that the actual amount of debt is indeed more, but I call it a deficit debt.
03:03In 2022, it was Rp100 billion.
03:09In 2023, it fell to Rp90 billion.
03:15And in 2024, it fell again to Rp85 billion.
03:21And in 2025, God willing, we will maintain the amount of Rp80 billion.
03:29That is the true meaning.
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