Indonesia economy growth seem stuck between 4 - 5 percent in recent year. The era of high growth look fade away, since subsidy budget cut or almost erased completely. This is clear that era of domestic consumption have to consider again.
In the past as domestic consumption become a motor of the economy, Indonesia enjoy high growth. Mostly our budget go to support the need of the people than build infrastructure in the program. Many trillion rupiah burn as subsidy for the petrol, although many businesses enjoy the low petrol cost, does not support at all for their support in the economy.
As many business also foreign investor and the profit back to their country. So that mean Indonesia just make foreigner become richer than create high growth in economy. Seem the foreign loan also just waste and make outsider rich.
Even bit too late Indonesia must focus the budget to support for economy growth. Budget that could create motor for the economy, especially creating more good to export than just a raw product. This is important because now mostly Indonesia business turn to importer than a manufacturer
Indonesia product mostly too expensive compare to other country, especially consumer good from China. Trade balance with China always minus because raw material for sure cheaper than a product. That's why Indonesia never enjoy good trading with China, Indonesia just the market for foreign product.
This problem has to be solved, as economy growth has to be improved. At least 7 percent, for the start then improve to double digit. Can we fly? for sure Indonesia economy will be better in future, because the foundation is strong, and economy is on the right track.
