The major agenda toward Golden Indonesia 2045 has positioned West Java as one of the main pillars of national economic growth. With a Gross Regional Domestic Product (GRDP) of approximately Rp2,823 trillion and a target to increase it to Rp4,000 trillion within the next five years, the need to accelerate policies and investments in West Java is becoming increasingly urgent.

This framework formed the basis for the Roundtable Discussions titled ‘West Java for 8 Percent Economy – Toward Golden Indonesia 2045’. This strategic dialogue forum brought together public and private leaders and was held at Gedung Sate, Bandung City.

As the regional host, West Java reaffirmed the direction of new economic development through this meeting. The Governor of West Java stated that accelerating regional economic growth requires more solid policy integration.

“Policy synergy between the central government, regional governments, and business actors is essential to achieve the target of sustainable GRDP growth,” the Governor told reporters during the event.

The Governor added that based on data presented by the Central Statistics Agency (BPS), West Java’s economic growth is currently above the national average.
“This indicates solid collaborative performance between regional governments, provincial governments, and the business sector that operates simultaneously and tends to improve. This is evident from the increasingly massive infrastructure development charts and significant investment increases. All of this is expected to create sufficient growth roots, whose impact will be felt by the end of 2026,” the Governor explained.

Furthermore, the Governor elaborated that the impact of current development, particularly in the infrastructure sector, is estimated to begin being felt in 2026.
“At that time, workforce recruitment will increase, production will begin to develop, and economic growth figures will also experience an increase,” the Governor added.

The forum emphasized the importance of a data-based approach. The Head of the Central Statistics Agency (BPS) stressed the need for accurate data to map potential growth sources and formulate strategies to achieve the Rp4,000 trillion GRDP target.

“Accurate data is crucial in determining West Java’s development direction, so that the strategies formulated can be more targeted,” the Head stated.

The role of economic research institutions also became a focus of discussion. The Chairman of the BA Center Advisory Board highlighted the need for regional economic governance reform to drive long-term productivity.

“Efficient and evidence-based regional fiscal policies form the foundation for driving regional economic growth toward the 8 percent target,” the Chairman explained.

The forum also involved various related sectors. The Presidential Special Envoy for MSMEs, Creative Economy, and Digital stated that the creative and digital economy are important drivers in regional economic development.

“Strengthening the creative and digital sectors must be part of the national strategy to expand the contribution of new innovation-based economies,” the Envoy said.

From the accountability perspective, the Head Representative of the Supreme Audit Agency for West Java Province emphasized that the effectiveness of public spending and regional financial governance plays a crucial role in supporting economic development.

“Accountability and effectiveness of regional spending are the main pillars in supporting West Java’s economic growth,” the Head Representative explained.

The Expert Staff to the Minister of Cooperatives and SMEs, who attended representing the Minister of Cooperatives, added that the revitalization of modern cooperatives will play an important role in strengthening the people’s economy.

“Strengthening modern cooperations is expected to increase productive financing and strengthen the involvement of people’s business actors,” the Expert Staff said.

Meanwhile, the Founder of The Economics 360 & Runway Project Indonesia explained that this forum serves as a space to formulate measurable and data-based economic acceleration steps for West Java.

“This serves as a platform to formulate policies that can accelerate West Java’s economic growth in a measurable and data-based manner,” the Founder clarified.

Through synergy between the Financial Services Authority, Bank Indonesia, West Java Provincial Government, Bank BJB, HIPMI, and the business sector, this forum aims to build an integrated economic ecosystem. Thus, it is expected to accelerate investment flows and strengthen the MSME sector to achieve the 8 percent growth target and realize the vision of Golden Indonesia 2045.

Gedung Sate

Gedung Sate is a historic government building in Bandung, Indonesia, renowned for its distinctive central spire that resembles a satay skewer. Constructed between 1920 and 1924, it served as the headquarters for the Dutch East Indies government during the colonial era. Today, it functions as the governor’s office and a landmark symbolizing the architectural heritage of Bandung.

Bandung

Bandung is the capital of West Java, Indonesia, famously known as the “Paris of Java” for its art deco architecture, vibrant creative scene, and lush surroundings. Historically, it gained prominence as a preferred resort destination for European plantation owners and later as the host of the 1955 Asia-Africa Conference, a pivotal meeting for the Non-Aligned Movement during the Cold War. Today, it remains a major hub for education, commerce, and Sundanese culture.

West Java

West Java is a province of Indonesia on the island of Java, with Bandung as its capital. Historically, it was the center of several powerful Hindu kingdoms, such as the Tarumanagara and Sunda Kingdoms, before later coming under the influence of the Sultanate of Banten and Dutch colonial rule. Today, it is a vibrant region known for its distinct Sundanese culture, breathtaking volcanic landscapes, and the bustling metropolitan area of Bandung.

Golden Indonesia 2045

“Golden Indonesia 2045” is not a physical place or cultural site, but a national vision and strategic development roadmap for the Republic of Indonesia. It was officially launched with the goal of transforming Indonesia into a developed, sovereign, advanced, and just nation by the time it celebrates its 100th year of independence in 2045. The vision focuses on major pillars like human resource development, economic transformation, equitable development, and national resilience to achieve this ambitious future.

Central Statistics Agency (BPS)

The Central Statistics Agency (BPS – Badan Pusat Statistik) is Indonesia’s official government institution responsible for conducting statistical surveys and providing data for the nation. It was established in 1960 to support national development planning. The agency is crucial for producing key information, such as census data and economic indicators, that guides government policy and public understanding.

Supreme Audit Agency

The Supreme Audit Agency (Badan Pemeriksa Keuangan or BPK) is Indonesia’s supreme audit institution, established in 1946 to oversee the management and accountability of state finances. As an independent state body, its primary role is to audit the government’s financial operations and report its findings to legislative bodies like the DPR, ensuring transparency and accountability in the use of public funds.

Financial Services Authority

The Financial Services Authority (FSA) was the financial regulatory body in the United Kingdom from 2001 until 2013. It was established to oversee the entire financial services industry, consolidating several previous self-regulating organizations. In the wake of the 2008 financial crisis, it was replaced by two new bodies, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), to create a more robust regulatory framework.

Bank Indonesia

Bank Indonesia is the central bank of the Republic of Indonesia, originally established in 1828 by the Dutch colonial government as De Javasche Bank. It was nationalized and renamed Bank Indonesia in 1953, following Indonesia’s independence, with the mandate of issuing the national currency, the Rupiah. Today, it functions as the country’s monetary authority, overseeing payment systems and ensuring financial system stability.