BANDUNG CITY - The United States trade war with China and the geopolitical conditions that are not conducive in a number of countries, present global economic uncertainty. The situation certainly has a negative impact on the Indonesian economy, including West Java.
For the past two years, for example, Indonesia's economic growth has stagnated at around 5.04 percent. Indonesia's export and import trade balance is consistently experiencing a deficit.
Even so, Senior Analyst at the Bank Indonesia Financial Economics Advisory Division in West Java Province Darjana projects that the West Java economy will grow beyond this year's achievements in 2020.
"In 2020, we project a higher figure than this year. There are several supporting factors and there are conditions, namely that investment into West Java must be higher than now, "said Darjana after being a speaker at the Coordination Meeting on the Economy and Development.
In addition to investment, said Darjana, the completion of a number of building and non-construction infrastructure projects, Omnibus Law policies or the formation of large laws, and tax incentives, will make the West Java economy improve.
"Quarter III 2019, West Java's economy is indeed slowing down. But, in Quarter IV 2019, the growth rate was already higher. (Because) at the end of the year high consumption. Hopefully, investors will enter the Fourth Quarter, "he said.
Darjana also said, West Java inflation in 2020 will fall and be at 3.0 + -1. The contributing factors are commodity prices, petroleum prices, and stable exchange rates. That way, people's purchasing power next year will not decline.
"However, there is a possibility of rising inflation, such as the planting season backwards. Then, at the beginning of the year there were several policies (which could potentially increase inflation). Hopefully only in the First Quarter or Semester I 2020, "he said.
Not only that, Darjana highlighted a number of West Java Provincial Government programs that are based on an inclusive economy, such as accelerating village development, pesantren economic independence, and tourism development.
"It has a positive impact on poverty alleviation, unemployment and inequality. "If we can, the quality of GDP is not only added value controlled by a handful of people, but enjoyed by all," he said.
"Earlier, the tourism sector, creative economy and pesantren economy choices could be even more inclusive. And it will be more felt in 2020, namely high growth, inclusiveness improves, inflation is low, "he added.
Similar statement was also stated by Plt. Head of the Ministry of Economic Affairs's Real Sector Sector Thasya Pauline. According to him, the steps of the West Java Provincial Government to develop the tourism sector are in line with the policy direction of the central government.
"West Java Tourism That is in line with national. Not that we have to fully push tourism. The industry continues to run into the more capital-intensive and hi-tech. Well, the workforce is looking for sectors that are more inclusive. One of them is tourism, "he said.
On the same occasion, Thasya stressed the synergy of the central government and regional governments to improve the economic condition of Indonesia. One of them is by collaborating and harmonizing a number of development programs.
"In order to be consistent in the rules, there is a synergy in the preparation of the rules. There must be no contradictions at the central and regional levels. "Collaboration, a program launched by the central government, is brought by its derivatives to the regency / city in harmony," he said.
"How do we both see or harmonize. Collaboration and innovation to create new breakthroughs, "said Thasya continued.
Previously, Regional Assistant for the Economy and Development of West Java Province Regional Secretariat Eddy Nasution explained four West Java Provincial Government schemes in increasing Gross Regional Domestic Product (PDRB).
The first is to increase household income. Second, increasing regional fiscal. Then, increase investment formation. Finally, to encourage the export-oriented base sector and suppress imports.
"In addition, it must also encourage export-based investment because it can create new jobs, increase employment, improve the quality of Human Resources, increase Foreign Investment and Domestic Investment," he said.
Eddy also stated that the West Java Provincial Government is currently focusing on an inclusive economy through the development of the tourism sector. He also explained a number of backgrounds why the West Java Provincial Government consistently makes tourism as a regional economic powerhouse.
"Why tourism? Because tourism absorbs more workers. Not only big investors, but also the parking attendants, the guides, and the local people benefit. It is more evenly distributed. I think West Java wants a source of income.new economic growth. And that is tourism, "he concluded.