Finance Minister: This Republic Needs Humble Yet Confident People

Jakarta- Finance Minister Sri Mulyani Indrawati delivered a public lecture carrying a theme on “State Budget Answers Challenges of Digital Economy Era” at the Gadjah Mada University campus-Management Magister Program, Jakarta, Tuesday, 17 July 2018.

The event that was held at the university’s Samator Pendidikan auditorium is part of the Voyage to Indonesia, which refers to a series of events held by the Indonesian Government as the host of the Annual Meetings of the IMF-World Bank Group 2018 to be held in Bali, October 2018.

In front of not less than 700 students, Finance Minister Sri Mulyani said on technology that was capable of improving productivity. Thanks to digital technology, economy productivity is expected to rapidly grow in the future.

“As stated in the Law, 20% of the State Budget is allocated for education. We hope, with the increase of the education quality of the country’s children, there will be more innovations, especially on digital sector that comes from the hands of the children,” said the Finance Minister Sri Mulyani.

In answering challenges of digital economy, the government formulates State Budget based on medium term direction and strategy, direction and strategy of fiscal policy 2018, strategic policy to push economy growth, poverty and gap reduction, education budget maintenance still at 20% and e-government development.

She said at this time around, almost all sectors supporting economy had been heading towards digitalization era. As such, the government keeps encouraging digital technology being used for pushing economy growth.

“Thus far, online trading or e-commerce keeps increasing from year to year. The presence of e-commerce is able to bring significant effects for the economy sector. Aside from that, e-commerce directly creates price reduction competition thus will lower inflation,” Finance Minister Sri Mulyani said.

She added the government was so far targeting to make Indonesia as the centre of the digital economy in ASEAN in 2020. One of the efforts was, she said, by publishing an e-commerce roadmap.

In addition to the potentials of the digital economy from financial technology or fintech, demand service, e-commerce and internet of things or IoT, the presence of artificial intelligence becomes one of the threats toward jobs conducted by human beings.

“If we talk about artificial intelligence, we will see an extreme scenario that is how machine can replace human beings in doing tasks. That is why we must counterbalance this with knowledge,” she said.

Finance Minister Sri Mulyani closed the lecture by saying that this Republic needed low profile people but with strong self-confidence as they would be role models for guiding Indonesia becoming a developed, united, sovereign, equal and prosperous country.

Get Connected