Otoritas Jasa Keuangan (OJK) mengungkapkan pelaksanaan Pilkada serentak pada tahun ini akan memberikan dampak positif bagi ekonomi lokal. Dampak positif dari kontestasi politik itu disebut OJK melalui peningkatan konsumsi dan aktivitas pada sektor UMKM, transportasi, percetakan, akomodasi, makanan hingga hiburan.
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00:05The Financial Services Authority announces that the implementation of the state of emergency this year will have a positive impact on the local economy.
00:12The positive impact of the political contestation is called OJK, through the increase in consumption and activities in the MSME sector, transportation, printing, accommodation, food and entertainment.
00:23The Financial Services Authority announces that the implementation of the state of emergency this year will have a positive impact on the local economy.
00:36The political contestation is called OJK, through the increase in consumption and activities in the MSME sector, transportation, printing, accommodation, food and entertainment.
00:52The Executive Head of the Financial Services Authority, Dian Ediana Rai, said that the campaign of the regional leaders creates additional demands that move the local economy, increase money circulation, and open up temporary jobs.
01:08As for the national economy, the impact of the political contestation is expected not to be as significant as the President and Vice-President,
01:15because the political contestation will only push for temporary economic activities and differ in each region.
01:23Meanwhile, on the other hand, the Financial Services Authority estimates that the cancellation of the 2024 state of emergency will increase the demand for bank loans,
01:32even though it is not significant and has a moderate nature.
01:35According to the 2024 OJK Bank Business Orientation Survey involving 93 bank respondents,
01:42regulators explain that the increase in credit demand is likely to decrease after the end of the campaign period.
01:49IDX Channel coverage team
01:55Yes, this time we will review the impact of the implementation of the OJK in 2024,
02:01where as we know, the 2024 OJK will be implemented simultaneously on November 27, 2024.
02:09This election will be held all over Indonesia to elect regional leaders, including governors, regents, and mayors.
02:16There are a total of 38 provinces, 415 regencies, and 93 cities that will hold the OJK.
02:23The plan is that the elected regional leaders at the OJK this year will be elected at the beginning of 2025.
02:30Yes, related to the impact of the 2024 OJK on the national economy,
02:35Chief Economist Bang Mandiri Andriy Asmoro mentioned that the OJK and the Christmas holidays and New Year
02:42will be a driving force for national economic activity.
02:45He himself said that people's consumption shows a stable trend.
02:49Based on the Mandiri Spending Index, shopping activities are still maintained,
02:53especially the electronic sector, entertainment and mobility needs record positive growth.
02:58This momentum is expected to increase at the end of the year due to activities related to the OJK,
03:03as well as Christmas and New Year holidays.
03:06There are sectors related to mobility such as hotels and restaurants, transportation,
03:11warehousing, and other services are expected to receive positive investment.
03:15Furthermore, the Mandiri Research Team also sees that the 2024 OJK growth will be stronger
03:21with the contribution of government spending and investment, especially in infrastructure.
03:27Looking at various supporting factors, the Mandiri Economic Team predicts
03:31that the national economy will grow by 5% to 5.05% at the end of 2024.
03:39Meanwhile, regarding the 2024 OJK, the Ministry of Finance announced
03:45that the OJK budget realization per September has reached 99%.
03:51And to know in more detail about the realization, here is the complete information.
04:01Minister of Finance Suha Hasil Nazara reported that the implementation of the regional election budget
04:06per September 20, 2024 has reached Rp. 37.43 trillion.
04:12The achievement shows the implementation of the budget for the Democracy Festival in the region in November 2024.
04:19The achievement shows the implementation of the budget for the Democracy Festival in the region in November 2024
04:24almost in full swing or reaching Rp. 39.75 trillion from the total budget.
04:33And especially for the OJK, we monitor the budget and the realization of the OJK budget.
04:39Because the implementation of the OJK uses the regional budget,
04:43and the regional budget is allocated to the regional committee and all regions.
04:48Because of that, the mechanism, there is a regulation using the regional budget agreement document.
04:55And on September 20, 2024, 99.75% of the regional budget has been realized.
05:06It means that we are very ready to follow the OJK,
05:13and the regional budget has been allocated and administered.
05:20The Finance Minister explained that the budget for the OJK flows from the center to the region through the APBD.
05:26Then the region submits the OJK to the Regional General Election Commission
05:31and the Regional Election Supervisors,
05:33where the mechanism is the use of the regional budget agreement document.
05:39By mid-September 2024, the KPUD has realized the budget for the OJK worth Rp. 28.7 trillion
05:47from a total of Rp. 28.76 trillion or Rp. 99.78%.
05:55Then for all regions, the implementation of the budget has reached Rp. 99.66% worth Rp. 8.73 trillion.
06:05IDX Channel coverage team
06:08Budget for the OJK
06:12Regarding the implementation of the budget for the 2024 OJK,
06:15Finance Minister Sri Mulyani Indrawati stated that the OJK's OJK funds from the APBN
06:20to supplement the OJK budget for the regions whose budget is still limited
06:26for the need for the refreshment of the regional head election.
06:30Next, we will continue to discuss the impact of the general election on the economy.
06:34Minister of Finance Suhasil Nazara claimed that the 2024 general election
06:38has a great contribution to boost the economic growth of the country.
06:43It is based on the previous press election which has a great contribution
06:47along with a fairly high household consumption.
06:51Meanwhile, on the other hand, the impact of the regional head election
06:54is not as big as the general election in terms of economic growth.
06:59Nevertheless, the general election is considered to be able to move the OJK sector.
07:03Executive Director Selyos Bima Yudhistira estimated that the impact of the general election
07:07which will take place at the end of November 2024 will have an impact
07:11or contribute about 0.01% to 0.03% to the domestic products of Indonesia.
07:19This impact is much smaller than the effect of the general election on the press election
07:23and also the previous regional elections.
07:25Bima added that although the effect of the general election is smaller than the press election
07:29at the beginning of this year, the impact of the general election in the region
07:32is enough to move the OJK sector.
07:34For example, campaigns to traditional markets and cultural stages
07:39which are expected to provide additional stimulus
07:42in the middle of slowing down the consumption of the middle class.
07:46In addition, there are several business areas that have a positive impact
07:49from the general election, such as transportation, accommodation, printing,
07:54cultural stages or entertainment, and also food and drinks.
07:58Yes, the spokesman for the impact of the general election on the economy
08:02also has a number of notes related to this matter.
08:05And to find out, let's see the complete information.
08:12The Executive Director of the Indonesia Core, Muhammad Faisal,
08:15sees the impact of the general election on Indonesia's economy
08:18differ depending on the size of the economy and the strength of each regional government.
08:22He said that if viewed from the side of regional government spending,
08:26the fiscal capacity of the general election, only 50% of the regional fiscal capacity,
08:31is still relatively low because only a few have high fiscal capacity
08:35to finance the general election.
08:38The Indonesia Core respects the impact of the general election is very limited
08:41both for the people and the economy as a whole.
08:44This is because after there is no general election,
08:47usually the activity immediately returns to normal conditions
08:51or experiences a decrease in economic growth.
08:54Unlike the previous general election,
08:56where the impact is relatively large because it can increase government spending
09:00and also non-household spending and non-government spending.
09:05In addition, the Indonesia Core welcomes the major campaigns
09:07that were launched during the general election this time.
09:09Also, the impact is not significant and temporary.
09:13Nevertheless, the Indonesia Core hopes that the impact of the general election
09:16can drive national economic growth, which is projected not far from level 5%.
09:22IDX Channel coverage team
09:28Another economist from the Indonesia Core, Yusuf Randi Manilet,
09:32also condemned the negative impact of the 2024 General Election
09:36on Indonesia's economy, especially related to the national development plan.
09:41Yusuf Randi explained that policies at the central government level
09:44are often not in line or not implemented well at the regional level.
09:50The change in the regional political landscape is believed to be one of the main reasons
09:55because it makes the coordination between the central government and the regions
09:58become inconsistent.
10:00In fact, we know that the government, both at the central level and in the regions,
10:04has a long-term mid-term development plan
10:08that has actually been agreed upon.
10:10The development plan should be a technocratic reference for regional governments.
10:15The problem is, Yusuf Randi sees that the regional heads often make changes to policies
10:20that are populist.
10:22Moreover, these populist policies are often only issued for short-term achievements,
10:28such as to increase the electability of the regional election contest.
10:33As a result, the technocratic documents of the development plan are often neglected.
10:39Whereas the targets of the regional development plan
10:42will determine the stages of national development achievements,
10:45especially in the medium to long term.
10:48Of course, we hope that the 2024 regional election contest
10:52can be held peacefully, safely, and smoothly.
10:55We also hope that the 2024 regional election contest
11:00in certain sectors can boost the local economy
11:04or contribute to the national economy.
11:07However, the money circulation is not small.
11:10It is centered on the money politics that still happens today.
11:15We hope that the 2024 regional election contest
11:17can produce regional leaders who can be safe
11:21and do what is promised to the people.
11:25We hope that all the devices in the region can also synergize with the central government
11:30so that the results or the output of the 2024 regional election contest
11:34can be felt by the general public.
11:37That's all for this segment.
11:39Stay tuned on IDX First Session Closing.