EconomyThe Purchasing Power of Balinese is Still Low

The Purchasing Power of Balinese is Still Low

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Mandiri Institute sees that the level of spending of all provinces in Java is already on an increasing trend by the beginning of the second quarter of 2021.

Unfortunately, this is inversely proportional to the condition of the level of spending in the province of Bali which is still under pressure.

The head of the Mandiri Institute, Teguh Yudho Wicaksono, said the condition of the level of public spending in the province of Bali can be seen from the low index of the value of Bali spending.

The index of Bali’s expenditure value at the beginning of the second quarter of 2021 was 48,3 or much lower than the index for provinces in Java, such as Central Java with an index of 129,1, Banten 123,0, West Java 121,8, and East Java 108,7.

Teguh revealed that the economic condition of Bali is still having a deep impact due to the dependence of its economy on the tourism sector.

“So, until the beginning of the second quarter of 2021, there is still no trend of improvement in the level of public spending,” Teguh said in a report, Wednesday (28/4).

He warned that if this condition persists, it will have a negative impact on the economy, especially widening the disparity in economic growth between Bali and other provinces.

He said that it is very important to diversify the main sectors of economic growth in each region in Indonesia to reduce the risk of a region’s high dependence on certain economic sectors.

photo by Bali Post

SourceKontan

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