JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo has decided to abort 3,143 rules at the provincial and regency government level to attract foreign and domestic investment as it expects investment to rise next year.
“(The rules) have hampered national capacity and slowed our speed to win competition,” President Widodo said at the State Palace.The President said that the regulations lengthened the processes of bureaucracy for having business licenses.
“I stress that this decision aims to make Indonesia a big country, and improve its competitiveness,” said Widodo.
The National Investment Coordinating Board (BKPM) has raised the country’s investment target to Rp631.5 trillion (US$47.3 billion) next year from this year’s target of Rp594.8 trillion.
The President highlighted the national and local government must have the same vision and goals and have clear duties. Therefore, the regulations issued by local governments that are in tune with the national government’s policy are revoked.
The President said the problematic regional government rules (Perda) that were revoked are considered to have hampered regional economic growth and lengthen bureaucracy and investment procedures or considered overlapping or not compatible with the national rules.
Some of the regional government rules that are revoked are those that are considered to have hampered the spirit of tolerance.
The President was accompanied by Home Affaris Minister Tjahjo Kumolo, State Secretary Minister Pratikno and Cabinet Secretary Pramono Anung when briefing the reporters at the State Palace. (*)