Golden Vision 2045: Making The Most Out of Public Investment: Indonesia

Author: Tsendsuren Batsuuri, Raju Huidrom, and Mr. Philippe Wingender

Aside from horizontal structural reforms, raising public investment should be a key pillar of Indonesia’s pursuit of its Vision 2045.

Volume/Issue: Volume 2026 Issue 006

Publication date: February 2026

ISBN: 9798229038232

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Topics covered in this book

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Banks and Banking , Economics- Macroeconomics , Public Finance , Public investment , spending efficiency , Golden Vision , issues paper , IMF staff , Policy issue , research support from Agnes Isnawangsih and Shutong Niu , efficiency gap , Public investment spending , Stocks , Structural reforms , Expenditure efficiency , Capital productivity , Central bank policy rate , Global , Asia and Pacific

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Summary

Aside from horizontal structural reforms, raising public investment should be a key pillar of Indonesia’s pursuit of its Vision 2045. However, this must be complemented by policies aimed at enhancing the efficiency of public investment, thereby maximizing its impact. Mobilizing additional revenues will create the fiscal space needed to scale up the public investment while maintaining compliance with Indonesia’s longstanding fiscal rules.