Data Check: Gibran Claims 53% Investment Realization Outside Java, Is It True?

Cindy Mutia Annur 22/12/2023 20:40 WIB

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Vice Presidential Candidate number two, Gibran Rakabuming Raka, stated that investment outside of Java reaches 53%.

Investment Realization in Java and Outside Java (Quarter III 2023)

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Data Check: Gibran Claims 53% Investment Realization Outside Java, Is It True?

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Investment Realization in Java and Outside Java (Quarter III 2023)

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Vice Presidential Candidate number two, Gibran Rakabuming Raka, stated that investments outside Java currently reach 53%.

He conveyed this during the second 2024 Presidential and Vice Presidential Debate series themed "People's Economy, Digital Economy, Finance, Investment, Tax, APBN/APBD Management, Infrastructure, and Urbanization" at the Jakarta Convention Center on Friday (22/12/2023).

In the vision-mission presentation session, Gibran said, "Development equity is mandatory, especially now that investments outside Java are 53%," said Gibran.

Gibran's statement is inconsistent with data from the Ministry of Investment/Investment Coordinating Board (BKPM).

According to the latest BKPM data, investment realization in Indonesia reached Rp374.4 trillion in Q3 2023. This realization grew by 21.6% year-on-year (yoy), and by 7% quarter-on-quarter (qoq).

By region, investment realization outside Java in Q3 2023 reached Rp190.9 trillion, or 51% of total investment. This achievement increased by 14.7% year-on-year (yoy) and grew by 4.9% quarter-on-quarter (qoq).

Meanwhile, the value of investment on Java Island was recorded at Rp183.5 trillion, or 49% of total investment, growing by 29.7% (yoy) and increasing by 9.4% (qoq).

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."