Wednesday, 10 October 2018 19:08

IMF Suggests HR Development for Sustainable Development in Indonesia

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Fiscal Supervision Report on Wednesday in Nusa Dua Bali Fiscal Supervision Report on Wednesday in Nusa Dua Bali VOI-ANDY

Director of the Fiscal Affairs Department of the International Monetary Fund Vitor Gaspar, encouraged Indonesia to increase investment in human resource development. He said this when delivering a fiscal supervision report on Wednesday in Nusa Dua Bali. He said, Indonesia had experienced significant progress in the last 50 years in terms of sustainable and inclusive development. This is evidenced by the increase in Gross Domestic Product and other social indicators. To continue this positive growth, according to him, the Indonesian government, which is currently focusing on infrastructure development, requires a development strategy more focused on developing human resources.

 

"To think about policy, fiscal policy as a tool for sustainable and inclusive growth. Indonesia has recorded impressive progress in the last 50 years. This is testify by growth in GDP per kapita but also by a wide range of social indicators including health and indicators like infant mortality, life expectancy, and much else. Going forward, continuation of progress requires a development strategy. In Indonesia the emphasize is in investment. Investment in human, social and physical capital," said Vitor Gaspar.


Furthermore, Vitor Gaspar said, in an effort to support investment in infrastructure, human resources, education and health, the Indonesian government needs a sustainable source of financing. According to him, it would be obtained if the Indonesian government was able to raise state income from the tax sector. The sector which according to him still gives low contributions to Indonesian economic growth. (VOI/Ndy/TRANS NUKE/AHM)

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