Jakarta. President Joko "Jokowi" Widodo is targeting economic growth to range between 5.3 percent and 5.6 percent in 2025, surpassing the 5.05 percent recorded in 2023 and the 5.2 percent target for this year.

In comparison, the International Monetary Fund (IMF) forecasts Indonesia to achieve a growth rate of 5 percent for the current year and the following year. Meanwhile, the World Bank predicts a decrease in growth for both 2024 and 2025, with the growth rate projected to be 4.9 percent in each of those years.

Additionally, the government is also aiming for a reduction in the poverty rate from 6 percent to 7 percent from 9.36 percent in March and an open unemployment rate of around 4 percent from 5.32 percent recorded in August 2023.

These objectives were discussed in a plenary cabinet session led by President Jokowi at the State Palace in Jakarta on Monday. Even though Jokowi's term will end in October, the cabinet session approved the government's work plan as well as macro and fiscal policy for 2025. Potential successor to Jokowi, Defense Minister Prabowo Subianto, has consistently expressed his commitment to continue the programs initiated by the current president.

"The year 2025 marks the beginning of the National Medium-Term Development Plan (RPJMN) for 2025-2029, a highly strategic part towards Golden Indonesia in 2045," said Minister of National Development Planning Suharso Monoarfa after the plenary cabinet session.

The Golden Indonesia Vision is an initiative introduced by President Jokowi's government to transform Indonesia into a developed nation by its centennial anniversary in 2045.

After being stuck as a middle-income country for 30 years, Indonesia plans to escape the middle-income trap by 2038, with the target of achieving an average economic growth rate of 6-7 percent. 

President Jokowi also targets maintaining the budget deficit at around 2.48 percent to 2.8 percent of the gross domestic product (GDP).