Indonesia: Seaweed becomes the mainstay of the downstream program in Prabowo Era

Published Jun 25, 2024

Tridge summary

The Ministry of Finance in Indonesia has drafted the 2025 APBN with a focus on economic growth, particularly through the promotion of downstream programs. Initially concentrated on mineral mining-based industries, this initiative aims to diversify to include agro-based products such as seaweed, fisheries, and Crude Palm Oil. By adding value to these products, the ministry seeks to stimulate economic growth. Additionally, the plan includes strategies to boost the competitiveness of downstream industries, such as the battery and electric vehicle industry ecosystem, industrial standardization, increased use of domestic products, and enhancing the quality and quantity of industrial human resources.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - The Ministry of Finance stated that it had designed the 2025 APBN Draft to support economic growth in line with the government's targets. One of the programs being encouraged is the downstream program. "We also support the policy direction of expanding downstreaming in 2025 to support economic growth, downstreaming," said the Director General of Budget at the Ministry of Finance, Isa Rachmatawarta, at a meeting of the Central Government Expenditure Policy Committee on the 2025 RAPBN with the DPR RI Budget Body, Tuesday, (25/6/2024) . Isa said that currently the downstream program is still focused on mineral mining-based industries. He said that in the future downstream mining will continue by expanding its commodities, including bauxite, tin and copper. Apart from mining materials, Isa said that next year the downstream program will be expanded to agro-based products, such as seaweed, fisheries and Crude Palm Oil (CPO). "Next year we will pay more ...

Source: Cnbcindonesia