Selected Issues Papers

Golden Vision 2045: Making The Most Out of Public Investment: Indonesia

ByTsendsuren Batsuuri, Raju Huidrom, Philippe Wingender

February 4, 2026

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Format: Chicago

Tsendsuren Batsuuri, Raju Huidrom, and Philippe Wingender. "Golden Vision 2045: Making The Most Out of Public Investment: Indonesia", Selected Issues Papers 2026, 006 (2026), accessed 2/6/2026, https://doi.org/10.5089/9798229038232.018

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Summary

Aside from horizontal structural reforms, raising public investment should be a key pillar of Indonesia’s pursuit of its Vision 2045. However, this must be complemented by policies aimed at enhancing the efficiency of public investment, thereby maximizing its impact. Mobilizing additional revenues will create the fiscal space needed to scale up the public investment while maintaining compliance with Indonesia’s longstanding fiscal rules.

Subject: Capital productivity, Central bank policy rate, Expenditure, Expenditure efficiency, Financial institutions, Financial services, Macrostructural analysis, Production, Public investment spending, Stocks, Structural reforms

Keywords: Capital productivity, Central bank policy rate, Expenditure efficiency, Golden Vision, Public investment, Public investment spending, spending efficiency, Stocks, Structural reforms