Endgame with Gita Wirjawan - Pendirian dalam Berkebijakan Itu Penting - Purbaya Sadewa

Episode Date: December 3, 2025

Buku yang saya tulis, ‘What It Takes: Southeast Asia’, sekarang sudah tersedia dalam Bahasa Indonesia dan Inggris. Dapatkan di sini: https://books.endgame.id/Sudah baca? Tinggalkan review-mu di sini:https://www.goodreads.com/book/show/2...---------------------Bagaimana arah kebijakan dan lanskap ekonomi ke depan?Untuk pertama kalinya, Purbaya Yudhi Sadewa berbincang selama lebih dari 90 menit untuk membahas segala aspek yang penting untuk Anda pahami: mengapa uang beredar penting, bagaimana meningkatkan penanaman modal asing dan penerimaan pajak, hingga strategi mencapai target pertumbuhan 8%.Purbaya dan Gita juga menyentuh topik lainnya, termasuk dana pendidikan, desentralisasi ekonomi, serta peningkatan elektrifikasi. Terlebih lagi, Purbaya juga membahas beberapa hal personal seperti latar belakang pendidikan dan filsafat ekonomi beliau.#Endgame #GitaWirjawan #PurbayaSadewa---------------------Episode lainnya yang mungkin Anda sukai:https://youtu.be/DTz5X5NVSdk?si=M_1xg...https://youtu.be/S0GcAdhLKYE?si=5Dd3_...https://youtu.be/A9jWMsM4-wU?si=6oQTm...

When we have gonechang economy that, people are you know, not a lot of uncertainty, so if we're saying, it's a small, the money is almost no, the amount of the time. So,

a time more, it's a little, then it's checkack so again. So, the jollack that's in social we're because,

because political, but because we're rammed the upent economy, because not just enough system. Aspirations to up to uprolet,

if we're going to make in from 5% to 8% that's the delta 3%. 3% of economy 1.5 trillion to $45 million. Now, upa what can be

do you doggen to help upenington foreign direct investment so, the FDIs can't $30,000 to $75 million. So, so this,

base not we can't get to $5. Yep. Base is 6. Okay, sorry. So it's the alitania up. If you're the time you're the time you're under the wordy. Price Bay.

Jamon of it, time you're still. That's right. It's, can be able to be able to, private sector driven, government, saty. Jamann's about Joecki. Government led growth, can. Freepot not be given money. Sixthensh, not such, so much.

Not, so much. Now, for the 8, It's just that's got to get up. It's got to be out of the way. If I'm going to miss, gins, gimmeeathe. Hello, teman. Today, we're getting the metry-quangan, Baparabaya, Udi, Sariwah.

Pa, MENTRI, Mr. MENTRI. Thank you. Thank you. Thank you. Thank you. I'm going to bring you, bro. I know brough. I know the brough of the backang.

This is like, we always, we always ask about making lander black. you're atro in ITB. school is great great. Then to Purdue, to take care of economy. Technic electro ITB. I'm daftar that, I'm going to test.

Cepamapot, test. of the ability, you know, you know, you know that's at least five years ago, then you're going to be, I'm kind of, I'm just just like, I'm not pinter, but I'm just being

abackle. I'm taking, I'm busy, five time, that's the company, not the same, because that's the one that's the that the last is the borough by the lusan ITB. I'm long as I have

must, I'm going, I'm going, And after five that's the company, you can, the company has been paideratings. I have paid money for school. I mean, I think,

oh, if you're going to be able to. After five years, genuh, we're in field. Yeah, we're in the land and there's a lot, but it's chaperning. Sourning begadang.

If I, one, I'm used to be used to, I've been, probably, I'm not there, five, five malem, in the day,

but if, if you're in-law, not-bo-oh-oh-oh-lety, I have is right. I look at work is hard. But I have you got to get a Pachean. T'alooke. Then, this is the most of the most of the man. So, the same is he

to marry with me, you're going to do with that. I'm going to do with it. I'm going to do. Pacar, work. When that, still, I'm going to lose. I've got to lose,

I'm elus, I'm at the o'clock. I've been going to say, I've got to be able to come in. We're going to be able to get to be here. You've been here. But, I'm going to be able to come in life. Charter's it. So, the shawlary of what? Bunk, not S2, no, S.

No, S. I'm going to think, what I'm the most It's the people gomong. We think, we're the most people's the way tommy. We're going to be about economy, yeah, we're going to be deconement. We're going to to be it. We're going to get economy, yeah? Yeah, yeah, I'd say, I think, yeah, do you know, daftar, I'm going to beaughting, there's a lot,

there on, there's a lot, there's a lot, there's a lot, there's, I've got to work on the time. I'm a lot of theaity of the year. Secrean, secan, scyrean, scyre. Wow, this one is, I've been put up, I'm abysed the money. So, I think, wow,

Poudou, unwayan. I've never heard, because rector my name is from Purdu. Delosan from from Phisica, or, matthumat, what, he's jago, nuclear. Yeah, then. So, yeah, so I'mer, I'm more much, yeah, yeah, that's the time. The same, the, that's the most of the same.

Yeah, yeah, yeah, yeah, yeah, we're going, yeah, yeah, yeah, away, coming up, economics. I think, can't gampangu, ma'amphus, la, t'etat. It's a lot of great, yeah. I think it's hard, susa, so. Ati. Ati. Yeah, I think, aty back, down, playing, man,

and I'm playing, playing, and this is in, you know, badger, matian. not-noty-and. So, so-bun-two-blet-law, I'm noteped-shaia. This has been a story, this kind of, this is hard. I don't know-belagre mat-a-matian, not-gare.

Juni, we're back to Indonesia, yeah. Because, I'm who-jago, so-pinter, gantem like that, and d'ed-dard. Downing-b-down-b-b-b-b-gat-b-gant.

I say, what? Okay. Juney we've got to comey. So, until Indonesia, some of Jakarta, you're going to be. Outsing, I'm going to be able to beaubes.

It's a big of course. Ngo. It's a total loss, namo. So, so, I'll be able to, but you're going to beauntus.

You know, I'm bantusay. Yeah, I'm bantlea. So, I'm bansue. So, I'm back in the purseska. When it's up atopat, until at least of the time, we're at leastak. So, at the time of the day of course, I'm going to be repulsaken, I'm going to beaupusackan. Isai, bow, landang. Makan, 15 minutes, I'll belajure again.

Nanty, that's again. Mast five minutes. Yeah, waktun, 10, minute, eat, waltu, to be able to belajia. Baru, we can't beaer, and be sure, that, people, people, people, people, that's-gut-in-tuk-tuk-n-it-a. But, yes, is-sie-a-and-a-butan. because of the time 11 Rantang, tussack.

Tumontas people who are you. It's fun, so. So, why I'm doing it's because it's it.

Al-hmudulululah. Then, so, so, so, I'm going to the most bodo.

Because I'm S-1, longsue, S-2, economic, even got-to-e-e-economics, even, not-to-e-eckon-eckon-eusk, but I'll-lus,

I'm than with the other the result of the more than the result. It's the most important. You're the most important, they're getting gained, right. They're going to be here, this, the result I'm here, the result is the up. So I'm doing much,

that's the good investment. For me, yeah. But I'm going to, I, to, I'm going to, to, the data recsa. There was. There's, man.

Yeah. Kaka and is it. Yeah, yeah. Yeah, yeah. Yeah. how much? I'm a lot of the United States. I'm not sure.

At least in the United States. In fact, 2000, until 2014, the Dana-Rexam. But 2002, I've got to know the longtime boss under,

PA, SBA, we can't. I bantue, from the time. I'm doing from, but from, but from, I'mgota,

that's the scorer Brighton Institute. From, from, I've got to come If we're just to make sure, they're going to make sure. We've got to make sure.

In 2010, I bant to Patara Jasa as a staff and also the people of the community economy national. Then, in 2015, we we're going to move the way to

help Mr. Jokoehue and Pah Luhut. Yep. To be in 2020, Whencogonk, economy goncang, I'm going to Pes to take sector co-wangan. I must have been in September.

I've got to be pension. But, it's not yet to be pension. It's just to be sure. So, I'm going to be sure. Mention, Gaggag Gag Gag Gag me, well, yeah, well, yeah,

Tadion in the pension. In one, two days, after they're doing, you know, the unlawful

ordinary, to make in liquidity, fundation the fendarminae what? So, it's a strategy that

is quite complex, so, so, so, one, Rentatatown strategy

that's about, issue we've when I've been about I've been a book the macroeconomic of self-woring prophecy the farmer that's making

to make sure we're still we're making expectation and then I put down the strategy that's better we're monitor

if we're we're gonna we're gonna we're gonna so so the mission first time we're quite

pessimism demo de bannamana all over all over time all over shrews, soramed, so much. So, the way,

the way, the way, expectation. The way, yoke-sombo the moment. That's, by-distance,

not the person, I'm able to, but people may, why, yeah, be it, be it.

Like, DPR, I'm telling us, I'm, people, people, people,

people, not, bad, oh, they're, they're, they're, they're,

and there, and, there's a little, but, but, If I'm not pass, if I'm going to be able to beckxpectasiness.

So, we take the unlawful, the government, from bank central, to bank, can. That's the basis of this, this, it's, either, enth, I don't I'm, or I, I, I, take,

I'm just, I'm going to be it, I'm going to be it, that's about the people, Milton Friedman. I like the book in the paper paper. Because it's not going to be able to explain what what happened in our economy our economy of our 2009, what I'm going to be able to beckxed

to beck, for the question to the crisis, Great Depression. So, this is, from Friedman, the most of the most gampangue is, that if we look

if we getter, longer, or, Ketat, not from from the you know, you have to be able to beauteuant Uang, dissebut can beaithing, based money. If there's primary money, M0,

that's, if it's the movement that red, then, the way, the big, then the wayjackation the lawgare. He,

tariff to the time 1930, when, people, people, it's almost no. Why,

it's just, economic. Yeah. monetary not per-punger to economy. He's been taught there's been many,

it's too, book it's quite too, but I've been several paper just. And then at that at the

time, no, the amount of money, negative, 5% or or whatever, so,

it's, just, stimulus to economy, but, malh, it's, so,

that, it, and it, and I'm, it, and I'm, I look at the history of America what's like what?

Damaping money that's the economy that's better. So, when I was goingchang economy our people, people are saying because global uncertainty,

not there's there's an overuse of global uncertainty, so if I see, if I'm sorry, the publican domestic. The money, we're almost no, the termination

from the month, June, July, August, 2005. Before, in 2004, evensempt 0,

almost in the same time, 2005 ago, ago, a little bit more than we've got tocheque, they'd give in a little, then they'd checkkek again. So, the economy is amat partembowannia, because it's the sameangue,

although before COVID. Blumpholing, the maimankan like that, sick-purt, like, turnuln't to the road. So, so, we're just getting in social, not only because political,

It's the global, but because we're remit for the system. If you're not the PAS, OJK, the UAC, the UAC, B, I, I mean, I'm in LPS, so far as I'm always say, they're saying, perbanking ample liquidity. But, but not in system, in B.I. Systeming is the same. That's what I'm going to lay among Merton Free. I mean, so I think. That's the right.

So, that's the way that's the BIA. I have $425 trillion when I used money in Bank Central. I'd pinded by and $200. If people think, oh, it's a lot, too, many, that's a lot. That's not a lot of money.

It's still there. And, people say, perubay, merubah, merubah, it's a lot more than. The money is that, how much? It's not,

I'm just I'm going to pay for bank, I'm going to get per bank, and I'm going to give a lot, but don't know if I'm not going to be a rupee,

but people, we're, we're there, even the if the bluepaner of no, but we're even if we're there, if we're

not, if I'm going to call B.P.C. I must comparable with the bunga that I prolete in bank central. I say, okay, same with bank central, it's less than that's

low, just when it's time, it's just to give 3.8%. 4% down to 3.8. That's, it's beenckon, and at the same time, more than the same time, that's more important than the

than the bugue just. That, if bank, tibati have been used to be able to be sure can. If you, they're backer to 3.8%. Rugin, yeah. 200-caly-suitary-ta, it's big.

she'll run to where, first, first time for the interbank market because of the market makes positive. They're the bungalding and then he will try to credit when the internet

that's all that's that's all right. That's what I have happened. It's just a little, and economic activities start, and I'm going to make to now.

And what's important, we monitor also how much more than respond to the I'maqa I've got to see if I'm not I've seen

subpoe, I'm not sure I'm not, I've got to be LPS, I've got to be able to LPS, I've seen as well the last, from the last month the last year, from there, the survey

that, index the people's society to the government that, it's, it can be used to look to look,

how, how stable condition social political, how level the level of the government to the world. so on August,

July August, September, September, was still in October, level leveled than before

jatow. So, the level of bad yet, if it's not the bottom to down to be down, we

we'll come the same has to be it's eventually that will be it can't happen of the power of our care, kind of but now, it's back to the other back,

the President, the current is stable Bapa, in two months, and again confidence to back and they're

amat sadang to to the Pembina of Bapa. How can it be sustained to the way that's the right, the right,

the right I'm the other I was like that's the system, although I have done with the but I can't get to keep on the other than I'm not going to keep, I'm going to get to. I'm 200, I'm inject. Tumbu M0's to 13.3 in September, but October, down to 7. I'm saying, still more than I'm going to be double digit

and medicated 20% or more. So, the Jumat the other, I inject $76 trillion to per-economian. We'll end up. If we're going to turn, if we're going to get again, if we're inject again.

To make make sure that the amount, it's enough, so that economy can be agonement can be agonement, that's from the basis of the bejavan that we do But at the same as a lot of the samean economy is to stumbu.

This is, can, if you're going to be able to be able to beaure in fact that the government. Yes. I mean, I've got to make sure. I'm saying, I'm going to link to the can'triam, to beaerable before they're ribut to make sure to make. But I've got to be given to president. Two hundred, I mean, oh, my, I'm going to want to run the president.

because, because of the gaiting kentering, yeah, so they're going to putte up to the government, go. So, so there's no, I'd have to be itchews. I'd just, I'd just be ablechered, that's ribut, that area, dairah. I've been rebuked, oh, the wanginaw not. Taunner, that's it, they check, the money's a hundred-a-diluon in the area.

There who has three, four, but in a total, there's $2.3 billion to be. When they're in-bundiacan, can't the economy is good. When we get to get to make it's got to get to make it's not even when it's enough to the area and nanty, to give them to make time, say, to make time, I say, I'm saying, domestic demand we're quite. If it's, in order to rumbus, to 10% to foreign, let's say,

I say, say, 20% is foreign, that's say, That's export to PDB. I still has already. If I'm actually domestic demand with good, with the same, that we're still,

we should, we still. But, can, if the market domestic is big, if it's if it's illegal,

there's got got to for us for us. I'mgaret to import, import, barang illegal to this, so, domestic player

that can be dominant. Because, because I'm , why, if I'm, there's not there ribot, illegal

first. Nanty, we'll see import, import from China, maybe that's the market

not fair, then we'll get, we can't get back, but the way, the legal,

that's also, that's much, it's much, that's quite, that's all other way

to make, make sure that's sustainable. This, this, can, M0, but if we

look, M2 it, that's, that's 40-1% from PDB. If we're pervah

that they're the they're in the 200% now this yeah, with the pennecaten monetarist how to

get don't nank rungkrat m2 too. Oh, if I think you're tors for tumult

mow double digit while repraten inflation can if you can't inflation can't plasity

the intu inflation be it's in the monotot debirken be able to be able to be then plian

M2 can multiply from M0 M0, kind of per-per-economian, like that's multiplied by per-economian. So, what we're coarsain by regulator is M-0-4-4-5-4-5-0. If there, then, there's effect from system too. So, this, it's the only-dung-tur-n-trues, yeah, chill-ca, we.

This, this, I want to try to alhh-asspiracy our to improve in 8%. This is the baseline is 5% and al-dolulilah, Q on Q has been a hike in Qarral 3, year-on-year-on-year-year already, because liquidity that's the end up in November the same year-in.

If we're going to make in from 5% to 8% that delta-neuror 3%. 3% from economy 1.5 trillion that's $45 million. Now, upy what can be did the government to to help the

foreign direct investment to pay the $301 million to $75 million. So, this is the base of our base $6.5. Okay, sorry. So it's the up in the deities the delta is just $20.30 million.

If you're not, if you're the time you're doing, that's, can, pertumban economic we're, $6%. What I said, who's greg,

Many more private sector. Because because M0ing the 10% on average. Credit too, it's going to be 2% more, 22.3% So, so that probably goes. That's the more than that. But Gahman's kind of a lot of time. Somebele-l again, Pahjokwih, Gagmanya active. Private sector's not quite.

Because the money only tumbled 7%. Credit also single-digit, 5-7% too. even ati-notive and economy is hard that's the time time time you're in the time you're in the same under,

yeah, I mean, yeah, I'm saying. The time of the time under, that's in the back. It's, I'm in blackang. It's, can be able to be able to

be able to, private sector driven, government, sanai. Jambalya, Jokowkewi, government led growth, can,

private-na, not the cost of work. So, So we have 5, 6, here's 5, at the rate of the part of the rest of the methambalance. Now, if I'm going to be able to bekerja, I have made 6,000, so much more than it.

So, it's not so much, but not much, but it's notarer, structure, this is 4,000, like that's about, so. From the 8.

Now, for the 8, it's not just not just that I have It's out of the out of the other than I'm going to miss I'm going to miss them. They're not going to miss them. They're actually to be it. But,

it's also you have to be a good investment in personation, if I'm going to learn from the from the parturant on the everything is clear now because the rules it's not because it's not to do notarie this, we're doing, we're doing this,

I've got to do this. I see this if it's just as if we're doing Ketas just as in Ketaz, it's like in the field there's a lot of ambattant. So, what we'll do next to the front is, we'll make sure that we'll do bottleneck in, in the industry, in the world, in the industry, in the world, in the way, it's hard to, but not gampangang amang amat.

But, but I've got to make sure a lot. But I've had found out of the time. that 2016 2016 I'm back in the blacking that's the Qatulah Laulayin that's I'm wakil, there's a secretary

from the police I don't know how I'm I remember how much it's good enough so we're getting to so we'reggy we're from from usa

bidang what we're just we'll pick that we can't we're sittingkan and I'm I'd sitang to seven casus

in 3 years we've got to we've got to 990 we're 6% of 3% 6%%% that's $830 trillion so much the impact it's big money so the ministering

to the Palloch can with the we're going to we're up can take the team did bentook team

Satgas Percepatan program this economy, but what's the main thing the Satga 1, 2, three. The Bottle Neant that willowal-lag, that will beaacques, from

business, from where in Indonesia, who's-asia, who-a-all-a-all-a-old we'll-lis-old, and we'll-couldehanes every week. I can mimpin sit-ang in one of the cases of their case, so, yeah, this, this,

this, the can't quite mung-jurkan, if we lookidit-it-as-d-d-lis. Lebe-dard-leby-dreli-dlillion-dolar. And, premium risk in the people in the majoran-necate. So they're in

secalya to make diversification. Now, diversification this is not done with scale that's the samestinia because they're still

agga-agued with the country and the country be coming. Now, if we see, Asia-Tengara, the FDA

that's in the year-to-200-20-20-30-milard dollars. But, from there, Singapore, $100 to 140 million.

Indonesia, Malaysia, Philippines, Vietnam, to each-mastings, 10-20 to, there are two variables that are being for the unalocations modale from wherein'am to here,

the negation of the and the other this is the thing they want to in-kind-merectalation from the not-pastien to be risk risk to be-the-cue

can be so-a, double-b, single-c-minus, or what, but if you're not certainity, not be so much, now, this, if I'm not sure, to be able to translate it, from the catatigua, it's not-pastien, inshawal-lust, that's not-mattie, that's the not-pastien. But if, if the people Indonesia,

Indonesia is there's probability 58% Listrick will be a lot of the same if that's a lot of omset, down the amount down 24%

AyerRRs can X% Now, it there's probability that can be huckur Now it will not long for allocation model

from out to the So I said I said what, I said, I said. I'm saying what I'm okay, I'm still

if I'm sorry, but I'm But, but the mending can be to beaver the driver, that's drive the cause

this ishaping. This is the right if I'm going to say a lot of people, yeah, can, I'm,

it's true. I can't other than other than with budget, uh, political,

um, if they're not nurud, we need, we're putting the amount, or we're trying, let's transfer

just, there, I'm being in there. But the frameworking has used to multi-multi-multi-comenteryant that I can't move to. I'll pass it's a lot. Because from there, there's a lot of paraturalan that's not-beress

will belempar to Pogja or sat-gaz-kut-a-stead. That's special, to bea-perat-a-peraturan. So, there are one, two, three, masing-wasing, beda. The one, the first is, memasican, the program program of theintas,

that's a lot more's the back this is the blacking for the sector private in this is the current now. There's not been a case that's maybe two weeks again we'll start

that eventually will be able to reinstatisatiatiati in here because I can can't I'm in team that I know there there's a lot of

there's juster that I'mpac, I'mpac I'mparen't I'm perishing sop but not always there, right at the other, there's in the other, we'll make up to the other,

to the government of the other, that. If I don't want to work, I'll put on the agreement. Not I potong, diem, not the money. And then, people are more than I'm going to say. But, if you're not, if you're not going to go. But what's just, we'll report to President on

regular basis for the kind of the agreement like that. But that's what it's what. If there's not, if there's a credible threat, they'll be able to be able to be. Because I've never, during the time of the time, you know, the time, you know, I don't know,

but in a year, the time in joker, yeah, not the time joker, you know, has to be able to be able to, um, um,

I'm, the, you're, the company, the company, co-opereconomian, they said, they're going to be able to-sue, so-slese,

this, this islecuh, it, That's up to now, so that's still still to be able to be able to be it up to happen. They're going to be able to try and people who are the top of the people who are the top of the threat. Yeah.

I think this is now, the position that's the best of the President Prabhu and And to make up to make up to make up and investment with quick. I'm going to get in a lot. Maybe before a year, it's a lot of year to be able to see what. Inshawal.

This is a golden opportunity. Because liquidity is like, so, so, so, FDI, not can't make to the country that's stable

that not not allow can return that good. So, first, I betuling the growth then, then I'm going to impin administration,

they'll be able to be able to be able to here. But that, I can't get back to back here. Spakot. Factor two, translation,

from the kind of of being risk. This is stem. You're product stem. Electro.

Tep. Stem to what? Science, technology engineering mathematics. Stem. Not. B.

B. B. Stem what? Science, technology, engineering, mathematics, That's right now that's kind of

people to get to Yeah, can't even people be hiting, he can't quantification, make predicts, make upcure, menilay Now, this Indonesia can't produce to run 250,000 products tem

Tremas Wissoudawan from ITB Yeah, right, ITS, school, school technology other, Tyeongk, it's 4.5 juta,

each time, India, 2,000, Asia, Tengara, 75,000, America is 800,000, 800, if I'm If you're making we're making sure we can

make sure we can't translate from the catatheatting to China just. That's the president, school in Qinghua, belajure kitchens polymer.

Yeah, right? So, if I'm not I think I, people who learn science like yourself, it's more can't translasis,

that's more than the greater than $250,000. Right, bro. This is true. We're still. We have invest more in the same. But we're going to, now,

the lawusant ITB just, many who's hard to work in, this is the example. I've been, I've been working in slumbersy, but I'm just to surrogue

sister, yeah, but there are that's many of that's a lot of people so we still we need demand for them before

I'm thinking per-economics once in economic to move six and six and I have room to get shers

and perluas supply-ne because expectation to the FDI will come FDI will come so I can

create people more more, more more, more, there. Now, there effort to but I have

but I'm looking but I'm looking from the same meaning there's and when it's it's like it's got to

but if if it's if it's if we're we're going to invests to the

what you yeah economy economic just can't that's good because I'm

I was going that's good I've got to the crisis of the COVID that I've got to come to come up with last year, we're going to be in March 2020, we're going to ask you. After all's all right, the question,

Mr. Luhud that made meung to answer, he's going to be it. He asked, Hur, why just you know I'm going to bein'among. I'm thinking,

I'm not going to beintern, This is why? Why, why, sir, Yeah, just you, but I'm going to go to go. If you're going to be, if we're going to bea much, economic-pinter, then how much more than,

because to the if we've got to get in the again, we're not, we're not going to know, oh, I think, jago,

jagu-so-same, turned to them not know, so, can clear to the people that's like that's up there's this, this is the way, yeah, so you know,

bapac, catac like, people who are people who are more than better, we're doing, we're just to cut it, they're

modelled from from my idea so, you know, you can't take up, tarot, three-bun-d-d-l-d-l-p

three-bun-d-l-pans to transfer to to men-comar-ritim some-a-old after-st-to-st-the-ccust-clet to the schoolas for the American netaq economy I'm a new

discussion with Rector ITB, DECASI, 10 but, they're one, one, they're back, and then, they're,

yeah. Because? Yeah. Because what I'm going to know. Rupon, they're GENZ, I thought,

I don't know. This is a generational gap. So, the way, we're different. If you're DECATI,

it's, when it's a when it's, oh, not the not yet has high-old, than that's-a-sio-you-you-hmm. They're not going to pay-resiko.

So, must be a different. I, today-n-day-day-n-day-old, but at the L-P I, I'd tellerin the same. There, no, you know, who's-kulled-lang-s-a-s-st-kitt-a-gat-a-old. No, no-a-fartrelet-a-old. so. I'm just to play and play with

psychology. Zan Z, we're going to get people more. To make people more people more. But the point is, we're still more people. So we're not, don't have to be lulled

menhulahs can people who are. When at ELPS, Tadiness only Nekirin to English, because just a year. Master. Tuguan is just one,

I'm going to people, why you know, it's going to money to get up. I'm going to to get a lot of. I'm trying to who's going to bearing.

We're going to be able to. There's a. There's a. Yale. There are you. There are P.S. There are P. There are.

There. There. There. There's. There's. There's a lot. There's a lot. Yeah.

There's a lot. School. School. , school. School. But there's not yet. In America, there are 8,500, people, Indonesia.

Oh. India, 350,000. 8,500, yeah? Tyeongk, 280,000. Dulled, before 350,000 to 400. We've got to be

malaysia. In the English, there's almost 200,000 people people, only 1,000 people. Now, this LPDP can mullia, this

LPDP this can't be a catalyst. Of course. Yours truly. Because we're doing, we're doing, don't know. So, there's

about the President modalities. This is, this is about $25 trillion. Town of the time we're going to be it's more. But we're going to beattuck up investment that's big.

I mean, I mean, don't, don't put money to beaqqqs in places that not jellas. We're trying

that's good, that's good, and then you'll get up again. You know, just to work a place that's good, or surrogue, to know-a-kjure, like, in the LPS

just, I'maqa-lapes-in-simpanan, not-a-buner-ponded-dic. I work with U.I., faculty-technic. They're-ca, we're... We're... ...stive-tack-tall-tack-old-lack-old... ...batharck...

...batharer... ...bath... ...bath... ...that-the-the-the-the-us... mechanical engineering Berkeley, it's really I'm saying, I'm doing, yeah, you know,

you're going to make up in six down, the same time after the same. If you, let's say, be as a suite

from there, teaching assistant, research assistant, that bonus to get more more than I'm more than I'm after I'm going to

get used. So, so, so we're we need vision like we're, we need

people, we're not, pinto more people We need people better. We need more more than we're much, we're going to because of y'all

because of Korea and Tjongok. We're going to in America just ashti that, when I was going to I was school

Indonesia only in the place Korea there Korea had 10-an Yeah there data from America

two years that long that's the S-6-one,000 that's-a-trakhan. 2,000-a-old people-an-urang-a-oh-oh-Ga-Gas-3-3-400 to Korea.

Ghana, 104. 104. Indonesia, if I'm sorry. Because, because of we, because of our time, because, we don't have enough enough to invest

the Permanentai, yeah? If I don't know, if, if, if, the government has invests, there's also, the way, invests, not this,

the idea of engineering, too, to be able to wherever, I think, I'll see the LPDP like, if we can

get more, we can't leave many, we can't be able to be able to be back in here. This is this is the

country and like in Hongk, Japan, Korea, even Singapore, they're they're, they're not retail but wholesale.

But wholesale. So it's Sois-a-a-a-a-a-a-a-marsing, that's-a-same, with school-scola-cola-cren in Europe, in America, in Australia, they're in-numbang

for fellowship, for professorship. That's the value-neged. But because there professor who, who, he did gaijy by Tiyongok, Korea,

Taiwan, Japan, and Singapore, they'd be able to, Think about reprisentation of the nation To make up, that's upheaval. So, maybe LPDP can be a work-same Like with Stanford,

or Oxford, or Chinghua, fellowship, professorship. I'm going to work with Stanford. How about how about For professorship? Forer-ship, six-juta.

But that's endowment, permanent. And with an account that, professor that's that that'sor that's sort of it's the person if it's under if it's Somalia

if it's a other people if it's a other and I'm going to think for the people think of

the for the AI for the for the opinion of and the

and he will go get back 24 times this is that this is that people and Japan, Korea, Taiwan and Singapore

well we're Discuses more detail For the matter of the way, I'm not. I'm not. I'm sorry. I'm going to be able to aliccan to the money. So, I'm doing

work as well as school that's cool. That's cool. Yeah. Fund. Kaltek. Stanford, MIT, Harvard in Australia,

Melbourne or Monash or what, or Sydney. So, like, ITB has been working with MIT, U.

With Stanford. But, the funding. Belum wholesale. Not too quite. I'll say how much wholesale. If I'm back in Lerickle, I've already known so I've been able to know many professionals,

so we can't do this, we're going to be able to do this, we're going to set upia Marquis Jolidst Ked by the way. With Berkeley, they're going to $50 million for for pay-in, several people.

So, really, if, I think, if I'm not, because we can't make to go to that. But, but some of the people of course of the people of this,

that's still soo-not-not-not-not-not-not-up. Nutsi-n't-you-hmm. If we can't program hostile to, what's like, if I'm going to be able to be. I'm going to get-a-sand-a-sha. This is the mythos about the cost-a-n't-a-st-a-n't-a-larker.

If he's already taken-S-3 in MIT, the money-n't-nigh-n't-a-mit. But he has to be-trimed at MIT, or at Princeton, or at Berkeley, at Kaltek. But, many, people-in-on-in-in-in-in-in-a-tough. to make sure that's like

because of the same. I'm going to be able to be therep. I don't know. So, when I was in class 3rd. I was going to beaed to bea in school from there. There you go. So, the people who are you who

don't know, and you must have ajarrauded them all. This is the last one of the penitigation before we're alight. Pembentucked of the U.S. 9. Knavaken A.Q. Amp.

U.S. After 11, under 11, the interbucking that'ship if he can't combiniscation the quatting

innovations with the quokotan preservation. So it's it's 88% from the Kepalurumat from M.Rokkeh that's not

has got had been a man, so on the caraping on a jack, a carj, on the motor, to school,

he'd be able to be guru. You can't umbizu, imagination, and co-hokkien. But if you're did gage

$2.8,000. Now, this is how much? I'll get it a little, I'm a Asia President Prabot.

He wants to make school to integration. That one school, the $1,000

$300,000 $300,000. That's a couple hectares in schoolan the schoolan It's-d-same, maybe from the same-as-ma, if it's-all-hack-a-sac-all-a-call-ch-a-call.

In fact, we'll-de-a-pac-pac-a-pocket, we'll-a-old-cult. We'll-a-could-a-cuh-old-old. We'll-a-cuh-old. We're-a-old, we're-a-old-old. That, I'd-hap-it-a-old. I'm from the way of the supply supply of the money to maybe the way that's too, but it's not too. Forty-lawful-law

is, pretty much, but school is a lot of school-bagu, school-la-besar, but school-la-bless, but the cita-cita-president, not 40, $7,000. Wow. I was sick of the time when I hear $7,000,000, $1,000,000, more, mampus, but,

So, if, if, if, if, if, if, if it's good, we'll be able to perluas because, because it's impetuasasies for, for sustainability NKRA,

NKRI, so betoen to be able to. So, but I think, it's very good idea and can be implementedationation. So,

so, the thinking you've been under the person, my, can't, maybe,

a person, guru, that, is, the gaijj $40 $1 $0.

Because, because, because the jago-y-y-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a-a. Yeah. Dosan it's got, if you're going to bea-a-gare-a-a-a-goh. N'n't-a-a-a-a-a-hap. But, again, let me, let's-a-a-cest-a-a-old. Right, right-a-old.

If I had it's not too much, and-utal-u-ut-ut-lap. And, it's-it-it-buttap, but, it's a target--ttout--l. If you're grudgeoning the gurus, I've got to be there's been there. The same, after, because of the minute, the minute, the time. Conchard, nonchard, gajar it's not keruan. And many people who are going to asker.

But he's not sure, because he can't tarot to eat atas, on the table. Yeah, if you're just 2.8 million, he can't do not have a lot of money. Yeah, right there's the same thing. I'maer the same thing we're going to be able to be it. Inshawah. Shallah.

If you, if I saw that if they're going to be, how they're getting a job as a serendah it. If I'm going to be able to do you always, it's always, the big,

tingy, so. So, uh, not, not, not too, not too,

not too, if they've got to say they're not even though. like this ishousal money, good. Gajas he's great, good. Pullang, it's going to be a gooder. Ramoser, can be different, past. Abhis, naug, naug, naik, and up, the al-PAS, it's good again, gajic.

In the U.S. But it's still still quite much bigger. So we can't egoise, not memmikering them because they're going to make sure that we're going to be able to be it. To the way. I'm going to think about it. But, but he's making a lot of people who

people who missuskid, to beaer in some. There's school ongulant or Garuda. Nanty there's a school. He made. So, so,

the president amat aggressive in all that. We can't we can't eveningue stability fiscal-shae. Taddy, Trague, though, butro-Mentry, about utang that's about this,

in the year-degon-degu-and-bunas. Now, how, so, in the narration this, not only narasic income, but it's not a narration equity. What's the way,

So it. So it's the it's the money is a gooderty story not only fixed-income story equity story is kind

to be able to drive productivity to get up marginal productivity we're just only 30-a-doulair-dollar per-o-o-a-pached-pachers-pachers-pachers-pachers-pachers-cathes

purchasing power the other than the asia that's the other than that'ser narrations, it's just as much as far as fix-income story. That's great, no? In the way, we should be able to shiptopan people who are more people who are better than than before. More than I'd better than it more than it.

And then we'll see, it's like, we're like that's a lot of the same time. We'llislemen, we're going to be able to do not yet. If we're going to be able to make it through, until 100,000 people or more. In this, we can try to build it to plam plan. But, like, when the demand for insinior not there, they're notte d'emann. They can't make up, but when it's low,

the time they're going to get. So I must be here. So I must have to live in industries, industry, in this we must continue, the transformation of economy that's which is from the crisis of 1998, from agriculture,

to manufacturing, and service that high-value-edit, if it's, but if you, if you're and the same is like that's like that's but I think of the program program that we're doing. But,

I must be able to create a base that's enough to get around. Right. And now, there's still people who are people who are who don't bekerja as well as to-as-weigh-in and comowance. I justicest, so, I think that they're going to be able to bea-lawful-a-lawful-beakin-predicant

I have I have I think I think I think I think that I'm think that's the same that's the model that's up for the public public BYD

5BG, there's a public Tesla, 10 BG, there's a demand for insinior insinure lullusan IT, B,

T, T, S and other, that will be goody really, so it's, so it should bepastika this layak.

For modal to, if if not, yeah, if demand it's not going to get economy is more great. Yeah, right? Yeah, right. Yeah, right.

So, I've ever put up in town peggatron. It's the producer of iPhone the two after Foxconn. Yeah. He, at least, yeah, $47,000 a year, $47,000 a year, so I'm going to be able to. So, so I'm going to see the I.O. Yeah, women, to be a bitelan, discussion, like, with me from Maritime

when I'm atoputti, the military, not have been able to about investmentation, but I'm going to be able to ask you, I'm going to be able to get to 10% of capacity production of the from China to the country other in the area of Asia,

and I'm going to be that. If I can't know, you've already played a country that? Oh, I've already, I've got paid five countries. Help me to present. one, two, three, five

Indonesia's not to make sure. So I was, yeah, well, if that's the same way, I'm asking me, yeah, what's the,

I'm going to give us, so you know, you're going to say, you know, one, two, three, four, five, six, seven, eight,

I said, I'm saying, I'm a investor, serious, if there's, if there's a incentive that good,

I can make, oh, That's got it, yeah. Yeah, yeah, yeah, I'll give you all right I'm saying that you're saying to give you to you again.

He's agate, oh, that's right. Yeah, I'm from saying I'm saying I've said that I've got that you said that all right and when they

puttuck to back to Batam, but, but, but I'm saying, I said, you know,

you know, you can't, you can't, For this just 150 engineers. There's not, if you're going to be able to work as far as school as school in Indonesia. I think I'm working with school in Indonesia. But yeah, supply we're not too much to be able to misperp. If we're going to be able to be sure, people who are not going to be able to.

We're saying short supply. We're saying we're people who are people who are people who are people who are a half-like-to-it-old-oh-old-a-half-old-a-old. There's that you. I'm not that's a lot of it. There's it's a lot of it. But just one. So, challenge is like that.

So, so, the answerer-ashing, gampang to come here and want to come to come in front of it. I'm sorry, I'm going to, I'm going to set up, so one other.

One other, this, who I've ever brought to here, Yandai, mobile. You, can, China, They want to come back.

I'm going to get from the groundbreak in the center. In the can'tor I, in MNCO-Maritim. So if they need incentive pajagic, I'd call people to beaun. If they're put up, uh, I'din-Igine, I'd call people, people, before. KPM, yeah? BKPM, Knaissance, the name of my name of my. If you need a business, I'm going to payangue, I'm going to do you, so much the place I.

So, so I'm going to be a place. So, yeah. four-month-upon-furtrige. So, they're not quite-cadung-old for industry certain, that's going to gunger our own. That's what we're doing. With the bottleneck, it's going to bea-bettleneck,

it can be able to beers. So, so far as we're not quite sure. But if you're going to be able to be able to be able to. But if, if we're not going to, we're doing. So if we're The model that's up, The company that's uproleting It's still

Because they're Because of people We're going to be able to We're doing so much We're going to be Yeah, Yeah, And then the project that's all right

In fact, they're in the country. So, if we're going to be We're still, We're back, Equip Inputation in this Sopment, you Soap.

So, yeah, So, you know, And so much, who's about invese in this. And, they're not because we're not even because we're asking it.

That's even. I remember, I've ever brought investor from Taiwan NAFTA cracker. We're not we have got to have petal chemicals

that's in here. That's the same with CPC China Petalin Company that's the business at Taiwan. Datang to this

he wants to dole the same. He said, the person, He's like, if I'm back back back back if I'm back to Taiwan like, I'm going to come. Orang this is what I'm saying? I don't know what, that's too small.

If two-kali, I'm going to. I'm going to? Yeah, two-kali, want, no? No, two-kali, want not? The person, they'd say, what? I'm not, I don't want, I don't have money. I'm going to getaluan again. Can't you, financing?

Bisa. You're going to, yeah, financeings there. wow, I'm going to say, I'm going to call out of the night, you know, I'm going to, not, you know what, not?

You mean to buy them, I'll give you, I'll give two times, I'll give you, I'll buy in the money. You must be no, you know, too. Wow, gina, I'm going to,

but, but, but, but, but it's just hard, it's hard to persulid so. So, that's behavior of our people. Yeah. So, don't shalaching,

not melirik here. They're not malirik, we're going to beelirik, It's hardle-notes, then we're awash in, too, that's that we're going to, that's Peneguangangu, and translation. Right, this,

this is... Translation, can gether. Yeah. If you, if you're going to, I think geeseer barang, there to be going to beck, there. No, perlu, people insinior

and people, people, people, people, people, people, people, people, people, people, people, this, this, if we're atyin,

Tianskongok, with a lot of democracies. Tyeongk is a centralistic, but economy is very decentralized. Banylitts in the world, politics is decentralized, but economy is centralistic. This we can't,

the plumbuan economy in the kota-kotapur, in many democracies in the world, termasue in here, far more than the kota-secundar or area. Now, this is what can be by the government of the government of the government to

to beauntralization activity economy so the first we'll make sure the pender belangue by-sootty not in that's it if they're well they're playing with

time, the place, it's right, means they're making management their same, right? Now, with that I

have I'm going to the area also the economy investment than now, now, now, now, because of the area, because of the people are the same to make sense that. So, not, people are you being scared.

With coordination that more than with the ability of better, with the people are more than the better than we're more than desensualization. If you're not quite making, you know, the end up against the amount, there's not used to $100 trillion. If you're not going to use, $1.00.000,000,000, you're not going to use. or that's a lot of those

that's real estate their own. We're just to make sure they're not too much panday to design program and other than, like, automatically it's reflected

in how they deal with the investors. From the future, will, this is the money, yeah, the money we can't

work on, we can't give people, to doerererah to make, educations their how much design and

menerap and make sure, right. Tentatimatic, there will be able to make. Whencantial their maincate, I would have awareness

about it. To be able to be able to. But, but that's just. From the economy, only that's just, while we'll beauling the bottlenecking, we'll get to

lohening fruit that's set, which should be able, we're sure, we're set up, to the places, that's is yet to get it's

carrot and stick is how much of the area? I've already I always said if corrupcied can in the other but if I just have really how effective they're making up ongarant program is like what

which is what we're able to do they're doing it, can't do you can't put ongarance the sameerate. I can't, I can't take up, I'm like to put on just as I.

Right, right, but one of the indicator is how good they're doing and how much the government that's that's been doing. So, if there's corruption, we'll,

we'll not have more. Because I'm rouged, bocor the money. And if you're if the talentang in the area, that's how to That's how facilitation?

If you're not to the area that's not want to be a lot of affirmative action, where the data is at least due to give us to curate and debilocks for the law and the law and the country, it's been a lot of years. Then we've got triggered from Enkop O'Hulukam, because we want to be able to be able to a lot of education. So, there are certain to, we,

we need a program that competes not same than the area that's the amount, to give ushundred, for the school of the other countries, and they're now, many in the other countries. I hope they're plump, plan, plow to be in, and will come,

and can bring up to make sure can't the other than the other than the this is the ratio this ispac still 10% right core is up 6 pandan

you know what you're how much the ratio payagin we're about to time you're 11% about that that's about that that you yeah

because it's because it's because the drive economy private sector Like that's going to happen Leth, 10 or more so I've got to get a lot of 1%

tax ratio, because if I'm going to the front, that's the sector private I've had to dopacin'1% I'm 1% that's $230 trillion income to me to my almost automatic that's, that

I'm pretty back to tax collection, I'membourg I'moboture, yeah, yeah, I'm sure of bocouran, and I'm just because it's used to use,

to make-uponagnotes in the community, so, so, text collection is more more than, if it's more more, it's more,

it's more, it's more than 6,5%, that's the time, that's, I'm going to be able to, I'm going to impose tax, text, that's again, now

now, too early, to end up to end up to end up money now, if we're going to get back, to make it, the program program long-pangangangang. But, what you know, the program or program Permanentatte has done with good,

pasty impact of the people, to economy, will be good, so, so, taxed-berapen, again, back to beckonomia. And, come-marned, is the same for micro-o-k-k-m, that's about to be able to bea-ma-ma-ma-as. Yeah, right?

Oh, that delayed, yeah? PT-K-P? Yeah, that we're perma-manjank. Even if it's the ceiling-in' from 4.8. And that's not only for individual, but the P-T. Harvesting to inflation, can't make, automatically. But if we see, we'll look at it.

Because, that, because of my mind-go-preconomian, we can support just. So, so. So it's the same, so we're not going to be able to. Not good, but I'm going to be able to. But if I-Corps, how do you know? I-Corpsia is the same, too.

When it's the same, this is the same. This is the government, right? Yeah, I-Kor-neunger automatically-ting. Pemberentat, right? Right, not, not the government, they're not even than there. Soing that we need a lot of the bigger to make sure.

If you're going to be able to private. I think if you're going to be able to be able to again. And what the important is, if you were going to be able to be it, it automatically the icon's down. Because the ambattance that's not perlough from the system will beckxarerang as far significant.

But this is a perjia. This is a perjohn, which is not asbentar. But if I'm going to beattlinging I'm good, I'm going to be able to. I dugan I, three years, it's been made good. So, this, angopanournicking, success. Ketting, the interdibbattahing is successful. When I'm not going to,

it's not going to be. It's all right. If you, if you're the same thing, this is the sameestinect, this isaugh, will be m0 am2 will bex ratio high core can turn middle class also again

from 1718% succour scurcure to be 20% 23% again sucuruscour levy then from 9% this is upaqal narrasiness so the kum

so kumptu-kynes yeah yeah in the bottoming that first we have to make uptical, optimal that's the last, and then, like, and then, after that, the, buttoll-leg. Because we can't

be able to move quick too, if fiscal-monetter's perentah, can... So, we're up. And, yeah. And it's not long, and it's not long, it's just a little,

just a little, back, it's... Yeah. This, this, which I'm, that's investas-investation, that's not absolutist. I mean,

I'm not really but yeah, but if you know that you're not you're going to be okay before besok, Lusat than before

will be okay than than Lusat MASSupac too, they're back Yeah. Yeah, right. They've got

said, I've got to because I've got with some Prestol that's in the country, where it's,

it's, it's, yeah, H.S.G. Naik, then, as soon, They're going to look like that's about

When I'm going to ask When I'm trying to test This is over not When I'm going to When I'm going to be I'm going to bein'n't And I betuling And I bethally

Nant Investment Climate With how Again this They're going to Mereka muster back So I'm going to be optimistic At least

Capital Market That's the same To the people Who's the I'm sorry This is the FDI I'm going to look at least I'm going to beckle-kker

I'm going to take this I'm going to make sure so that's going to move the market, because of the world investor, there's one that's there that's here in this, there's a lot of positive. And then when the FDI

that I was going to be able to be it. I'm going to be able to be able to get to the more good, more than sustainability. transcithy energy this isle-3-300 kilowattour-hour

we're doing just 3,000 to 4,000 megawatt already around 90,000 megawatt for capital to make in electrification per capita to 6,000 kilowattour hour per capita

we're more than we have to build 400,000 megawatt so if we can't even If we have to beauminator we need to be under 3,000, I see, we're looking at, we can't even 15 to 20,000

megawatt per time, to make up electrification, to make surestress. Singapore, America, Tionk, Brunei, electrification is 10,000 kilowattour hour per capita. Philippina,

but, you're notherst 900, 900, the Uyghara, still in the U.S.A.T.S. Now, that's how much? If I look at least electrification is one indicator of what what's going to be. That's

important for me. What's the point? What? What? The main that's justicap demand that's enough from the people who can be able to

electrification that. So, if we're talking to Pellan now, they're over-upacety, what? What's the word is about? Not there's been able to, because the ability of our lives

our own big enough. Because we're in a small to improve in the 10%. So, if I'm making kya, the gulonging, the menangam, more many, where, can make PLFN, will invest, and the other than

can invest. So, so on the government I've never heard of the United States. They're trying to find supply of the supply of the supply of energy that's more, that's more more than more than the way of the United.

Yeah, they said to be electrique all the Dessa in Indonesia. There's a plan investations about $70 million for 100 gigawatt power plan

from the energy suria. But I got to has been in time It's about when it's time. I think in the time the time of the good as far as technology is

better better to be able to do you but it's really about it, can't be it? Is it right? Now, again, as a big of many so many so that

are you subsidized by the government. Apakka we're going to subsidize all that? Can borrow too?

The government also not not quite, can't so. So, yeah, we have double-d-

we can't demand that good from the people from good, from people from people, so that's the plightly and expansion, the restrictification, that's from the result of our own from development. So, it's not target.

I'm not caught up wither. I'm not quite sure about oversupply, district. Apolaguing, and it can't be. If you're getting, if the bottlenecking, it's done, So it's demand Not even

Not yet yet, electricinging is there Yeah, right? Yeah, beto. So, if we tell you, over-supply, why? Dulu, when they had rancana electricity-can-it-out,

growths, 6-7% I think, in the design, it's, and it's true-an, so, yeah, so-gues-in-a-oh-suff-sing-a-old-suped. So, first, yeah, we get-sah-supat, that's people that's more small and more than

supply they'll be even if you're going to be in even if you can't get because if you make new

it's three time, probably yeah, three time but I I have Geo Dipa on the

on the that's BALU that specialized in geothermal he only he only have been

few things I'm just I'm just so that's soly from geothermal. And I would say we have, we've got to potential geothermal the most of the world.

Nanty, the energy is product that's making energy hijou, in Europe, dapes special treatment, so, so, to make make the day of our

so we, we'll discuss with QDipatadaddi with industry industry and it's again, so we're getting drill, if you're clear, if you're going to make PLN, if you're going to let's

if it's be able to be able to be able to or if you're going to do get, if we're going to look at how cost. So, we'll, we'll optimize some of the energy that, that, sustainable, that the hijow. And, and for to make-in electrification to 6,000, we need to 400,000 megawatt. That's $1 trillion dollar.

But I'm not yet. Demand pushed. I don't know. I can't make it. Like, as much as much of the without there can't be able to. Now, I'd be able to. So, the same thing is it is to be able to.

So, the whole thing is that is to beaicay our society. So, I'm going to say, oh, we're together. KATHLEEN. KATHLEEN KATHLEEN- That's like that. Now, this, this, I'mongongued

about democracy. Democracy, that's after a great-aharan in the definition only in context the redistribusions the world. But ideal in

context, the context, public goods, including intellect, chieheteran, cahatran, health,

nilay moral, nil social. The of a mending about the public goods? Oh, I never ever

mickering it. I'm not going I'm already, but it's like this is. If there's a lot of our cat that we can't make matto the of economic economy and the the number more, more much,

we'll make up to get an instability social-politic. If it's a stability big and demure this bigger to where we can't even we can't build again.

So we have to make upend we can't Yeah, If you can't automatic with slowover that we're not even

intervention. I can monitor it from time to time. Many programs many programs Pat ProBoe who long as much

to be much that's like MbG, while many who are the result of development, like that like that. There's no way there's always

did happen with back. Many of the school, school pintar, some of the school, the class,

that, that's uprored not-upon-sure not-as now, but it's a lot of a work that's a lot of a work that we're going to

be able to for the point. For the permerataan the market-based that we must be samacan or perhatican level

at the same province in here in the way, in every area so, soing we get to get level pedication that

more than in Jawa and in lower Jawa we have to go to the other. If we're not, we're not going to be able to be democracy that you've been said that.

This is. This is a lot of when I'm going to be metmati carat-apy-cepat. As a person, how am I'm going to beaming the crankah to the front of it?

So, there's a question. Yeah. don't even to galore just Oh, no. If it's just like to Surabaya, Baja, by the end up to the end of the same way, even up to the end of the same.

If I was thinking, we're going to invest. Can it, the good unctuantomous financial company just, if you're going to be able to be rugy. But if people are pinter, he can't make it about TOD or TOP.

TheUDE, TUD, four-bate-bathed-bara-basket-bara, where, with it, it's been able to be taken-janko. So, not in Jakarta just, Jakarta, it's just, it's quite, or from where to where, this, this, with the strategy that's right. With strategy that's right-appi, and as far as the endangue, it's the,

in this, yeah, can't, but we have made transportation that's more than can't bring up one way around not only the other the same. The same,

with it should be the connection making, connection making, more, the

Jakarta with Jawa Timur might be so much, it's very the part, the perpindan business or

transfer, what, yeah, transaccy business can be back, like, if you're allepunct even if you're

even if it's not even if it's not internet, But sometimes, if we're business, we're going to come down to make sure if you're not serious or not. So, I think, see, dampeniae can't be able to development, regional development. In the Southam, can, aggrathehrat, can't be it under the Uttar Jawa, right. Yeah. And that will beacentralization economy. Yeah, that's the economy.

So, that's the right, that's the right. But if you invests, if you're going to invests, it's not-pacus. In the same thing, it's not ruggy, but in the development and economic overalls it's more good. Maybe now many people are moreh because the payayness is mahal. Emang, at the time of the first time, there, because it's been able to be able to beck, but if I'm going to invest, invest, not even though, like MART

too much as well as much as well as much but if you're looking at least in Boston where? Stanford or where? The one one. It's right. It's right. It's not in the bottom.

If it's not, it's set-in-law. There are people who are. In the mobile, it's up. But it's, but in the barme. So, the kota-cota-bosser, can, like that in many of the country. And, the effect of the United States, can't be much as far as they're doing it.

when people have that's public service. Yeah, public service. So, this is, sometimes, the country has to be able to be. Economic, as far as out, we can get it in

the penguaring subsidy, the economic growth also, to get a paycheck that more than growths more because this there's no gunguance,

and there was when I was when I. Husson, I've had designed IKN, I've got representathe, he's design

the carer all right, from the end of the boughcota like the people like the other, he's going to be able to $100 million one cluster every five years he'd bein,

it's made up to 10 cluster besar. From the to the end to the end to the end I said, I said, not by the 15 minutes. I'd ask, why you're going to be able to

get effective, the word of being quick. Like how much more than 155 million? Every time? So, 250 100 km per jam. How do you? No, there's superiors. Self-driving.

Smart car, all of self-driving. FST, yeah, full self-driving. Like that, that's it, so it's not so, it's not a matter, so it's not a lot. And I think, in Jakarta, from here just one time just one more than.

Yeah. BBM, abyss about, what's, about it, I'm efficient. If I was like 15 minutes until we're going to say after I'm going to go ahead. After I'm going to becky-up.

Now, when I'm not, you're not going to beckxatine. Because of the time, the risk is that. That's the rugian that people never meneligh. Back to

philosophy. I don't know to fischapat. This is perot really? Why Milton Friedman? Not Keynes. I'm in Purdue

Because of Chicago, he looked at the Chicago, like that. So, maybe they're going to get to say, but what's going to be? But the heartiness is more than that? Maybe, yeah. He's interesting, if I'm going to, so I'm going. So I'm going to hearin it through, that's YouTube and some of the book I've got to beckoning, the other book I'm going to beck. it's

it's just can't even it's quite quite more than I'm exposed to Kenesiania so yeah so that's we're at the time why I'm amperage why we're how we can't even 998

when we're the last we're the same speculative attack in Thailand then, Korea, Malaysia, we're the last year. But we're the last half the last 1% in 19098.

Yeah. And, back and back and back and back and back and the back. We're the same. So on the matter. I asked to professor of my, I'm going to be able to be it. You, bachel, Fritman, that. Abis that, after, bachel, bribalmated, again,

He's also. He's been plagiarism. So I've been reading the book of Freedman, it's, and I've read it, and I've read the book Beirman. Because he's notherna. It's notherty-noted from Freedman, too, it's not much. So, so, we're not in the time 1999-8.

So, when the crisis, to defend the currency our, we're going to make-in-buner to 60%. It's the real estate. We're not sure. We're sure we're going to work It's true, but not. If we're not

If we're cut up to make money to be 100% more. So we're going to get a biggarten If we're going to fight M0% the negatification If you're going to lose

M0 it's more. because we have taken gau, satan satan's out of the worded as well as I've said, I've been incoicing real sector M.O.

the high, mancureka, and inflation that's not, that's why, that I've pegged until now. Because I,

from crisis that, the most for us for us is to make sure that is to 2008, we're back.

from 9thro-gatting, what you're doing that's what you're doing? Funter Cycala, can't Bunga and Expansive Fiscal? That's right. You're in there, is the president. I'm going to say, calisical. We're not aware. We've got to give us in this. But, yeah, people are not aware.

We're always making a problem. So, every other than the problem, I'm saying, I'm saying, I'm saying, I'm saying, with the government. I'm not peduling. I'm not too, but we're going to beaumachy again. We're not able to afford

to crisis like so. Utent we're going to beaugh I'm going to go down. Do you go to where? Perlue not? We're not going to make an M-0. Like,

set up money-bagnac-basket. Yeah, with a peccationate to the velocity so far-inflationary Oh, if I see it's still less rather than we're

no-no and then if we're if we can double legit sustainable in between 20 to 30% should be good to

economic but but I don't I have got I have money I only have money that I can't

I'm, I'm, what I'm, what I'm going to doggone? This is the same engine that's going to be. If you're not yet, if you're not sure. If you're going to be able. Because it's going to be it. America, Europe, Europe, Barat, Japan, Korea, Thailand, Tyeongk, make a plongeran quantitative.

Yeah. To create demand? You know why America resets, can't 2023 they said, America is overreasing Bunga naugue

Nyeed through, right 2003, SVB why SBB did they're they're too

agressive to be relambate economy yeah the bonganer and starting the m.O.

The end upbunnered in the month March 2003 Like that's like that's So, Bunga tetaned He's back back

But he's injerk Like to system So I'm going to I'm going to be back Not tight manipalisa Liza again, It's loose At least

Maybe it's up 1% 2% Not negative Lange Lange Although the Bonaic That's The Gondon

It's like we We're called We're going to We'll call onkatted We're cutat this but I'm uprolet, but I'm uprored. So, but it's not really. Melambat, but not melambat,

paris. So, we can't even know-can-laken again, we can't be able to be-ap-a-a-pa-a. So even America malawing that's wrong that's fatal, now it's nother. Because I say, I always say,

America is resettic, not-munking, he's got-nug-n-nug-wagued. He'd have been given-a-gook. So before you can They've been like, quantitative First of my opinion

For example, for me It's more than than before It's the scale of it. It's kind of If they want to draw economy, you know, turn in the bunga, yeah, injack money.

Can't not be able to money that not not, not, not didambah. Because if, how it's how how we turn can bring up the market

money in, kind of be that. So, yeah, It's like that So, So that's a lot of If you're not quite We're talking about

I'm going to make sure Before we're at a Stumbency of Potential that I said 6.5% to be 7% Not-ca-ca-a-pac-a-comer more than we're

Because, some of the we're afraid economy tumble to 5% will be inflation That can be Ducur. It can be-cured. Ducur CPI, Dio-C.,

Ducur velocity, be monitored, be managed, but we can't. And this is kind of kind of, in the digital, supply of money, this fiscal, we're saying. So, I always say, like, this. Global, congen, I don't minding, I'm not peduli.

In other, control, I can't be able to be. But domestic demand we're quite, 90%. 10%, it's the gansk, 8,000 to 9% percent, as long as I I'm just like with the same thing, I'm going to be able to be able to beacques.

That's what I'm trying. I'm focused. Some machines domestic, some machines, everything's my job of I don't hangue, or even stimulus injaga,

like, the market domestic we have. This, this is information that's about John Maynard Keynes.

1914 when I'm going to to give up to support the first. He issued bond. Not dis subscribed. Not do you, that's the first

time Bank of England to make a decision to get up to be. So, so fully subscribe. Now, Keynes

to write to the government of Bank Central Bank of England to say To say that's up tocapant, that's for mehastard's as far as a terrorist

first. Chewold's before Milton Friedman. So, when we did educate, because they're not because they're not contra. But I'm not. But the possibility, or comminganance is a biterunerous.

Yeah, with that kind of, Central canes monetize the fiscality. And for the other than to be it's not no-a-as-a-as-a-susat. Absolutely. So it's the financialization, the room fiscal,

it's okay-o-o-que-o-a-a-a-gestin-jolpigant. Yeah, bethul. Because bank central with the government is dis-a-lawed. The debate, was, you, is, and, not, man,

short, horizon's, pendic. If bank, impact is long, long as long as well, to the economy. So they're afraid the biggapinging bank central that's not

too, just to be phoiccicel. So we can't be monetize the pejoral, but it's not. But, but everyone's doing that that's right. In the case,

not the problem, it's not parable, but what's just, but, what, not even until monetizing that's just to make mouasked the power politics

that's the same is to be able to be able to beaughan that's the same as a manorintas and when we're taking care of bond that's better than bond that's primary or there bond that bonguang that's rubeut in here if I said if I'm biarrar just

it. Emmangue, but the the other than the case of themmackas like that, but don't just russarer, and then the credibility we're going to be able to be able to But they're

not fair-fair-amahsame with them. They're not-boh-you-cahs. That's kind of good, can't. That's kind of good, nashik, yeah. Bro, mentry, this is 1,000-hour. There's 1,000-hour? There's a lot of people?

Not many, the person's the same, the most of the same thing I can't is that we're not-as-cathed about, or not-as-cimes-tentang-a-mast-in-a-mas-depan-a. the time of our we're in the same of the we're the same

we're making kind of and we've got to be able to 2009-8 2008 2015 2012 2012 2001 for how much how much

how much we're going to domestic with the on domestic we can't even up more than more than 5% is high uprolet,

but not the number mustahil. I'm just too. So, we're all set upla kaya with same. Amen. We're doing that

good. Amen. Thank you. Thank you, ma'am. Teman,