Indonesia Joko's second term inauguration paying attention to economic policy skills October 20th 20:54
The Indonesian President Joko, who was re-elected in April, emphasized the idea of continuing to develop the economy through human resource development and infrastructure development at the inauguration ceremony held on the 20th. In the face of economic slowdown due to the influence of trade disputes between the US and China, the ability to maintain economic growth will be questioned.
The inauguration ceremony for the second term was held in Jakarta, the capital of Indonesia, on the 20th. President Joko took an oath and took office as president.
In his speech, President Joko said, “In the next five years, we will make it possible to develop human resources essential for developing the economy and further develop infrastructure,” emphasizing the idea of continuing to develop the economy.
Since the Indonesian Constitution stipulates that the term of office of the president is limited to two terms, for Joko, the remaining five years up to 2024 will be the remaining term.
President Joko has achieved economic growth of around 5% annually through the development of infrastructure such as roads and ports in the first period, but recently, he faced a slowdown in the economy due to the effects of trade friction between the US and China. The ability to maintain economic growth will be questioned.
President Joko is also planning to move the capital from Jakarta to the eastern part of Kalimantan Island in the central part as a major project of the administration, and it will be noticed how to draw the path toward realization in the remaining term.
What is Indonesian capital relocation?
The relocation plan of the capital Jakarta, which is positioned as the second major project by President Joko, is to open a forest area in the eastern part of central Kalimantan Island and build a new city. It has become.
The plan is to transfer most government functions except for the central bank, and President Joko wants to start the transfer of some ministries in 2024, when the second term is over.
On the other hand, issues related to relocation include raising funds in excess of 3 trillion yen in Japanese yen, and whether the parliament's cooperation can be obtained smoothly in order to revise the law for relocation.
President Joko has started talks with Mr. Pravowo, who has been fighting in the April presidential election this month, and is seeking political cooperation for the administration of the second term.