Jakarta – MSMEs are still the backbone of the Indonesian economy. For this, the government is expressing appreciation MSMEs.
„Amidst the threat of recession, MSME players determine the national economy and play an important role in Indonesia’s economic growth. This is because this MSME group has a large number compared to other business segments,” said the Director of Digital Economy. Boni Budjiando of the Ministry of Communications and Information wrote in a statement, Jakarta, Sunday (3/2/2023).
Based on data from the Investment Coordinating Board (BKPM), MSMEs contributed 61.97% of the total national GDP or GDP equivalent to IDR 8,500 trillion in 2020.
„MSMEs absorbed 97% of the workforce in the same year. The role of MSMEs is so important that governments in various regions always try to accommodate and support the development of MSMEs,” he explained.
“As the driving force of the economy, MSMEs are various business units ranging from travel vendors to home industries,” he continued.
Boni explained that in an effort to build the people’s economy, the President of the Republic of Indonesia, Joko Widodo, has issued guidelines to develop and modernize cooperatives to promote MSMEs.
Earlier, the position of local MSMEs declined in the first two years of the Covid-19 pandemic, i.e. 2020-2021.
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