Prabowo Highlights Indonesian Economy's Inefficiency, Cites ICOR of 6.5 as '30% of Wealth Leaking'
President Prabowo has pointed out Indonesia's high Incremental Capital Output Ratio (ICOR) of 6.5, suggesting economic inefficiency and wealth leakage. Compared to neighboring countries with ICORs between 3-4, Indonesia requires an investment of $6.5 for every $1 of profit, leading to an estimated 30% loss of wealth. The President attributed this to bureaucracy and inflated prices for goods and services, stating his administration is prioritizing budget efficiency.
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