O Ministers, here is the latest Jokowi's ultimatum on CAD!



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Jakarta, CNBC Indonesia – President Joko Widodo (Jokowi) reopened the limited meeting on the theme of further discussions on innovative investment, export and taxation policies at the presidential office in Jakarta on Wednesday (6/19/2019).

This small meeting took place after leading a limited meeting on the theme of preparing the President's working visit to the ASEAN summit in Thailand and the G-20 meeting in Japan.

At the opening of a limited meeting, Jokowi again reminded several cabinet ministers of Labor to find further progress to boost investment and exports in order to overcome the current account deficit.



Indeed, the head of state has not hesitated to show his disappointment. Because there is no concrete policy to overcome this problem, even if the meeting is limited to the topic of discussion on export investments and that trade has often been done.

O Ministers, here is the latest Jokowi's ultimatum on CAD!Photo: President Joko Widodo handed a certificate of land ownership to the people of Kilobar Field in the Bangli regency. (Press Office of the Presidential Secretariat)

"We will close investments, exports and taxation this afternoon, the sixth limit, please," said Jokowi.

"In accordance with my wishes from the beginning for a breakthrough in the areas of investment, exports and trade, I have often mentioned exports, investments, key points," Jokowi said.

Jokowi stressed that exports and investment were the key factors to improve the trade balance deficit and the current account deficit, which had become a disease of the national economy.

"So, I hope." Finally, I ask that this policy on investment in exports be really concrete in its execution.We hear about the difficulties faced by the authors, "he said.

(Thick)


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