Jakarta –
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan shared about the difficulty of bringing in investment from abroad.
In fact, to get US $ 1 billion is very difficult. If estimated in rupiah, US $ 1 billion is equivalent to Rp. 14.3 trillion (in an exchange rate of Rp. 14,300).
“I purposely used the dollar figure, how difficult it is to find an investment of US $ 1 billion from outside,” said Luhut at the opening of the Joglosemar UMKM festival, Thursday (20/5/2021).
This curhatan was conveyed when Luhut talked about the potential of the State Budget for investment in developing domestic products. You do this by buying domestic products through the procurement of goods and services at the ministry.
According to Luhut, there are around US $ 22 billion or around Rp. 314 trillion of APBN funds which can actually be used for investment in local products.
“But from this APBN, we can get US $ 22 billion in a year which we invest in the country for domestic products,” said Luhut.
He explained that currently the potential for spending on goods and services using the APBN is around Rp. 1,300 trillion per year. From his staff’s investigation, there is a potential for around Rp. 300 trillion in procurement of goods that could actually use domestic products. However, it was not maximized.
“The capital expenditure for APBN goods is Rp. 1,300 trillion. I asked my staff to check which ones could be made domestically, from the figures we got there was Rp. 470 trillion which could actually be made domestically,” said Luhut.
“I ask for a comb again, there is a low Rp. 300 trillion per year that can be made domestically,” he continued.
With a potential of US $ 22 billion per year to purchase domestic products, Luhut assessed that there is a potential investment of US $ 100 billion to encourage local products over the next 5 years.
“If in 5 years it becomes more than US $ 100 billion. You can check how difficult it is to get US $ 100 billion in investment in 5 years. But we exist in front of our own eyes, but are underutilized,” said Luhut. Well, an investment of that size in 5 years is called Luhut very difficult to obtain. However, at home it is not used much.
Luhut admitted that he had complained about this to President Joko Widodo. He asked BPKP to audit each ministry and agency, how much use of domestic products is in the procurement of goods and services.
“Many, but friends who have not implemented this, I reported the President, this needs to be audited by the BPKP. That every K / L uses domestic products, so this shows where the bottleneck is, so this can be implemented,” he said. Luhut.
(hal / zlf)
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