The Business World Expects Political Stability to Be Maintained Entering the Election Year

The Indonesian economy has the potential to grow impressively in 2023 when political stability is maintained, despite the fact that it is about to enter a political year, according to Ajib Hamdani, CHAIRMAN of the Apindo Economic Policy Analysis Committee. Upon being contacted today (23), Ajib stated, "When the government can continue to encourage political and social stability, then this is a positive thing, because the economic turnover is getting bigger, and government and private spending will be high in 2023, provided the government can maintain social and political stability.".

In the economic sphere, the business community will profit from social and political stability in this "political year.". Because of this, he valued the various government policies that helped to keep the political environment stable and the legal system clear for the investment industry.

"Because from the perspective of the business community, it is of course very concerned about legal certainty as well as social and political stability. That is a requirement in and of itself for investment to grow and for the economy to grow steadily, according to Ajib.

Investors will undoubtedly exercise caution when making their financial decisions. Ajib stated that Indonesia is the Indonesian government's focus for luring investors and achieving the target of 1400T of investment after Indonesia successfully managed the G20 Presidency last year.

Because there are two factors that investors consider when deciding whether to sustainably invest in Indonesia and other countries, the problem of profit, "the G20 presidency is the capital for how to continue to grow investor confidence that Indonesia is an attractive place for investment," said Ajib. Prior to this, the Coordinating Minister for the Economy, Airlangga Hartarto, revealed two crucial factors that must be in place for the economy to continue to expand favorably in the year 2023.

Political stability and legal certainty are the two essential elements. Also read: Tempe Craftsmen Support Efforts to stabilize soybean prices According to Airlangga, it's critical to maintain political stability and engage in healthy competition in accordance with the law.

As a result, the stability of the political environment in a nation has a significant impact on how well its economy is doing. "Yes, provided we accomplish it together.

Consolidation is occurring politically in the middle of the current political year, which means that we are competing within the bounds of the law and can uphold political stability, which is crucial, according to the Golkar chairman. Yose Rizal Damuri, executive director of the Center for Strategic and International Studies (CSIS), asserted that political stability will undoubtedly be disturbed during the election period.

The ability to suppress political instability is necessary to prevent it from altering and upsetting the social order. "However, in terms of political stability, political stability will be disturbed during the election year.

Just keep social and public order intact and don't let political instability disrupt it, he advised. The grassroots do not experience the same political dynamics as the elite.

"Don't let the political dynamics that exist at the elite level extend to the grass roots," he advised. Legal certainty Yose stressed the importance of this element, saying that it must exist regardless of whether or not it is an election year.

Legal certainty is unquestionably required if there is no election, of course. We really need to understand that legal certainty is a given and will undoubtedly support our economy, he said.

Though far from ideal, Indonesia's legal stability continues to be a major problem. However, we are also aware that legal certainty is still far from being what it should be.

foreseeable," he said. Yose concluded that there was legal ambiguity as a result of the Government Regulation in Lieu of Law/Perppu on Job Creation being issued.

Because the government violated the ruling that had been stipulated by the Constitutional Court, even though it did so under the guise of a legal justification. Despite the fact that the government is signaling legal uncertainty by issuing a Perpu, he claimed that legal certainty was actually necessary.

The Perpu Ciptaker, in Yose's opinion, is a type of de facto loophole that allows people to avoid the law. In his conclusion, he said, "This is a shortcut, it does have a legal basis, but if it's a shortcut like that, I think that the government can just change legal certainty.

(RO/OL-4).

Consolidation is occurring politically in the middle of the current political year, which means that we are competing within the bounds of the law and can uphold political stability, which is crucial, according to the Golkar chairman.