Senate Open Meeting and Scientific Oration of 55th Anniversary of Brawijaya University

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In UB senate open meeting, delivered various university achievements during 2017 by UB Rector, Prof. Dr. M Bisri, M.S. Then followed by Minister of Finance Sri Mulyani Indrawati, S.E., M.S., Ph.D. attended the 55th anniversary of Universitas Brawijaya (UB) at Samantha Krida UB Building, Malang City, East Java, Friday (5/1/2017). In his oration, the Minister highlighted several important points about the economic condition in Indonesia. Mulyani said at this time, Indonesia’s economic growth has shown positive results. Mulyani also said that as a big country, Indonesia has vast economic potential and should not rely on commodity exports. For the past five years commodity prices have declined. Therefore, he hopes Indonesia must have high endurance. He also mentioned that Indonesia needs to focus its sources of domestic economic growth as a source of inclusive economic growth. “The government will continue to oversee the economic revolution especially in the fiscal sector,” he said. He explains fiscal policy in 2018, will focus on policy optimization, economic improvement and careful management. For the 2018 deficit, it will be minimized without reducing the stimulus. UB academic community, also invited to continue to create a real working atmosphere in seeking prosperity and ideals of independence. “The ideals of freedom that reach the welfare of a just, prosperous, and martyred society,” he added.

The alleviation of poverty, inequality and job creation is now said to be a government development priority. There are several programs implemented for this program, namely through the Family Hope Program (PKH), Rice aid program for 10 million poor families, Smart Indonesia Program (PIP), and Increasing MSME access to capital sources by increasing the distribution of People’s Business Credit (KUR). The government also provides ultra micro credit (UMI) with a total budget of Rp1.5 trillion in 2017, and increased to Rp 2.5 trillion by 2018. Then, 3 kg LPG subsidy, expanded coverage of National Health Insurance program and improved welfare. During the year 2017, Indonesia also managed to incise positive results from structural reforms through the launching of economic policy packages that have improved the investment climate in the country. According to Ministry of Finance data, Ease of Doing Business Indonesia also increased significantly from 91st to 72nd ranking. In the last 3 years, EoDB Indonesia’s position has increased by 48 ranks. “Indonesia has now left Brazil, India, China and South Africa,” he said.

Meanwhile, for the position of the Global Competitiveness Index rose by 5 ratings in 2017 with increasing points in infrastructure, institutions and macroeconomics. To complement, in 2017 Indonesia received two upgrades rating from Standard and Poor’s and Fitch. “Indonesia has received investment grade from five institutions: S & P, Fitch, Moody’s, R & I and JCRA, and Fitch has put Indonesia’s investment grade scale at the level of BBB which is the best position since 1995,” he explained.

The event was also enlivened by the performance of UB Purnama Caraka and Trie Utami orchestra, which previously performed Indonesian Jaya and Tanah Air songs. (Fhm / Public Relation)