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Thursday, 16 January 2020 20:28

Omnibus Law can Accelerate Economic Growth

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In a limited cabinet meeting on Wednesday (16/1), President Joko Widodo instructed his ministers to immediately finish the law which can accelerate national economy in 2020. Omnibus Law is made to target one great issue that can revoke or amend some laws to be simpler. To stimulate economic growth, the Indonesian government must move quickly so that the 5.5 percent economic growth projection in 2020 can be achieved. There are three focuses in the 2020 Omnibus Law, namely tax, providing employment, as well as empowering micro small and medium enterprises. In the limited cabinet meeting, the President targeted the Omnibus Law for employment and tax to be finished before 100 working day of Indonesian cabinet Onward. Therefore, he instructed all ministries and institutions, including National Police, State Intelligence Agency (BIN), and Attorney General Office to build one-way communication, as well as to communicate with involved organizations. President Joko Widodo hoped the Omnibus Law discussion can be finished soon. Because it can make Indonesia a country with good business ecosystem. Meanwhile, Coordinating Minister of Economic Affairs, Airlangga Hartarto said that the Omnibus Law bill is ready to be ratified before 2020 Idul Fitri. According to him, the discussion in government’s internal level had been finished. Therefore, he ensured the bill can be submitted to the House of Representatives immediately to be ratified. One of the main priorities under development in the Omnibus Law bill is manpower. The Omnibus Law is needed to increase Indonesian economic growth that was  stagnant in 2019. The bureaucracy complexity that hampers business activities is the main target in the bill making. Therefore, Omnibus Law completion and implementation are very needed for the government as long as for prosperity and welfare of the people. However, it should be carefully checked again if related parties can make win-win solution for the developing and more complex current economic issues.

 

Read 1197 times Last modified on Tuesday, 21 January 2020 14:23