Survey Indicators: Most Of The Community Assessed General Bad Economic Conditions

Survey Indicators: Most of the Community Assessed General Bad Economic Conditions

PHOTO: Indonesia's economic growth in the third quarter of 2020 is still low

Jakarta The indicator survey institute released the results of a survey regarding the mitigation of the impact of Covid-19, entitled Economic and Health Interest Pull.

From a survey conducted on September 24-30 2020, as many as 55 percent of respondents rated the national economic condition in general as bad. In detail, 22.9 percent said the condition was moderate, 10.3 percent said it was very bad, and 8.9 percent said it was good.

The survey was conducted using telephone contacts to respondents. A sample of 1,200 respondents was taken and randomly selected from a random sample set of face-to-face surveys conducted by Indonesian Political Indicators from March 2018 to March 2020.

"Household economic conditions have not shown any improvement. But household income has consistently shown a direction of improvement," said Executive Director of Indonesian Political Indicators Burhanuddin Muhtadi in a virtual broadcast, Sunday (18/10/2020).

As many as 66.6 percent of respondents admitted that their income had decreased. Then, 31.4 percent of respondents said their income was still constant and did not change during the pandemic.

Burhanuddin explained that 55 percent of respondents whose income decreased found it difficult to meet their daily food needs.

In detail, 12.3 percent find it difficult to meet school fees, 11.3 percent find it difficult to meet the internet quota needs for online schools, then 10.5 percent find it difficult because they lose their job.

However, the indicator predicts that the community already has income that is starting to recover. This is probably because there were not more groups who experienced layoffs. "Then, those who have been sent home have started to actively work again," said Burhanuddin.

Indonesia is said to still need a budget of USD 1.5 trillion for Sustainable National Development or SDGs. This number is estimated to continue to grow every year.

"Indonesia needs USD 1.5 trillion to achieve the SDGs target of 2030. And according to Bappenas SDGs financing needs will continue to increase from 2020 to 2030," said Impact Measurement and Management Consultant at UNDP, Cindy Colondam, in a virtual discussion in Jakarta, Sunday ( 18/10/2020).

He said the budget for SDGs needs also very much depends on the business as usual (BAU) and High intervention scenarios carried out by the Indonesian government.

In the high intervention scenario, non-government financing alone is estimated to be needed at 44 percent of USD 4.7 billion.

"So we see that to achieve the SDGs goals we must not depend on one sector and the government and be able to provide innovative financing that can encourage multisectoral collaborative work," he explained.

On the other hand, SDGs financing around the world alone is a shortfall of USD 2.5 trillion. this is based on data from UNCTADI.

"This forces stakeholders to look for new sources of financing. Because they can no longer depend on the national budget. Moreover, local private investment in Indonesia is almost half of the SDGs funding," he said.

Reporter: Dwi Aditya Putra


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