RADAR BOGOR – The economic growth rate of Bogor City has not moved far from the 5 percent mark, recording 5.15 percent throughout 2024, slightly above the national and West Java Province averages of 5 percent.

 

While considered stable, this figure is viewed as insufficient to meet the long-term regional economic development targets. Therefore, the Bogor City Government (Pemkot Bogor) emphasizes the need for an extra strategy to push for higher growth.

 

“This is part of the recovery and rebirth process of Bogor City’s economy post-Covid-19,” said Rudy Mashudi, Head of Bogor City Regional Development Planning Agency (Bapperida).

 

According to Rudy, there are four factors influencing the economic growth rate: community consumption, government spending, investment, and exports-imports.

 

On consumption, Rudy hopes that transactions in the community keep moving because the circulation of money among residents is a key pillar of growth.

 

“A good economic condition helps people meet their needs and maintain purchasing power,” Rudy said.

 

Government spending also plays a major role in driving the economy. With efficiency and budget reallocation, the impact of public spending is expected to be more felt.

 

“This is also our way to ensure government spending is targeted appropriately and directly impacts the regional economy,” he explained.

 

Investment is given special attention, with Pemkot Bogor opening wide the doors for outside capital expected to absorb local labor.

 

“We need investment to drive job creation and increase the productivity of Bogor City’s economy,” emphasized Rudy.

 

However, the national economic growth target of 8 percent by 2030 is considered challenging to achieve.

 

Rudy said a phased strategy and extra hard work are needed to approach that figure.

 

“It requires significant and planned efforts to elevate the economy to that level,” he added.

 

He also cited external challenges like the Russia-Ukraine war and Palestine-Israel conflict, which add pressure on the global and national economy.

 

“The global escalation also impacts regions, including Bogor City,” he said.

 

Therefore, Pemkot Bogor aims for a more realistic short-term growth target of nearly 6 percent, expected by the end of 2025.

 

“One way is by continuing to provide ease for investment in Bogor City,” he concluded.

 

[SOURCE]