According to the Jakarta Post on December 19, Indonesian President Joko Widodo announced the government's mid-term reform agenda and economic development plan for the period 2015-2019 at the National Development Plan Conference on December 18, including specific targets to boost domestic production, stimulate economic growth and improve fiscal balance. Joko said that Indonesia's booming domestic demand, which is mainly met by imports, poses a challenge to the country's food and energy sovereignty and security. The Indonesian government will abandon the wrong public policies of the past and adopt a new approach to economic development, with special emphasis on the development of marine-based infrastructure. Land is fertile, he said, Indonesia, superior natural conditions, is the agricultural country since ancient times, rice, sugar, soy, corn and other food crops production potential is tremendous, with plenty of potential and ability to achieve food sovereignty, the Indonesian government will work to achieve self-sufficiency, rice in three years no longer need to import rice and other food products.

The report said that President Joko Widodo has set ambitious targets for Indonesia's economic development, aiming to achieve significant improvement in macroeconomic indicators by 2019, including an increase in economic growth from 5% this year to 6.7% to 8.3%, a reduction in inflation from 7.6% this year to 2.5% to 4.5%, and a reduction in the budget deficit from 2.4% at present to 1%. We will increase the output of grain and other bulk commodity crops. By 2019, we plan to produce 82 million tons of rice, 23.4 million tons of corn, 1.02 million tons of soybean, 3.4 million tons of sugar, 460,000 million tons of beef and 40 to 50 million tons of fish. Compared with the current production increase of 17%, 25%, 14%, 21%, 16% and 60%, respectively. In terms of infrastructure, the Indonesian government plans to build 49 large DAMS, develop 24 modern ports, build 15 new airports and add a total of 35 million kilowatts of electricity. We will step up efforts to develop expressways, railways and other road transportation infrastructure. In the next five years, 1,000 kilometers of expressways will be built, and the length of railway will increase from the current 5,434 kilometers to 8,692 kilometers. The annual industrial growth rate will rise to 8.8% from the current 4.7%, and the contribution of industry to economic growth will rise to 21.6% from the current 20.7%. The number of foreign tourists will increase from the current 9 million to 20 million annually, and the contribution of tourism to economic growth will increase from the current 4.2 percent to 8 percent.

To achieve the above objectives, the Indonesian government plans to take the following major measures. One is to redeploy the money saved by reducing fuel subsidies and government spending to focus on growth-boosting productive sectors such as infrastructure projects. Second, reduce the restrictions on investment imposed by the supervision mechanism, effectively solve the difficulty of land expropriation, improve the efficiency of the government, and vigorously attract foreign investment. From January 2015, Indonesia's central government will implement a "one-stop" service for investment procedures to be handled by the Investment Coordinating Board. Third, we will improve the planning capacity of government departments and related projects and increase the rate of budget implementation. Fourth, focus on the development of manufacturing and tourism, and improve the balance of national international payments account by attracting foreign tourists and enhancing export competitiveness to increase foreign exchange earnings such as US dollars.