Bali economy in 2016 is predicted to grow in the range of 6.03% -7.03% as the stronger of consumption, improving investment climate and export performance.
According to Bank Indonesia Representative Office of Bali, the improvement in consumption along with the improvement in consumer expectations in 2016 and an increase in province budget, regency / city as well as infrastructure development plan that can stimulate economy
“Infrastructure is up, investment will also rise. In addition, the results of our survey, exporter is optimisms with an estimated increase in global economy in the next year that will encourage the export of Bali,” said Dewi Setyowati, Head of Representative BI Bali, on Friday (27/11/2015).
According to her, Bali tourism sector will get benefit from the world tourism sector that still show an increasing trend. Based on World Travel and Tourism Council (WTTC), the tourism sector is expected to grow 4%, higher than the financial sector, transportation and manufacturing.
United Nations World Trade Organization (UNWTO) is also projecting an increase in the number of tourists doubled or 2 billion in the period from 2013 to 2035. Moreover, government policies stipulate 90 countries visa-free visit to Indonesia in October 2015 and is planned to be 110 countries at the end of 2015 will be an opportunity for Bali.
However, although it will still grow higher than the national economy, but the growth is still lower than the target medium-term development plan (RPJMD) Bali that range from 6.83% – 7.56%. Therefore, said Dewi, the synergy between the government and all stakeholders become an important point
She revealed that there are still some aspects that need to be improved by Bali to reach high growth of economies. Identification of appropriate tourism development priorities, ongoing efforts to increase infrastructure, the calibration of fiscal incentives, increased international promotion, and law enforcement government regulations related to the development of more environmentally-friendly tourism are some things that should be a concern.
In addition, diversification of export markets and products become the main point in promoting export performance. Weakening global economy will have an impact on reduced demand for products of export of this region with a growth of -18.18% in the third quarter of 2015.
In fact, Bali is also known by the export of goods, one of which is dominated by artistic and high culturecraft, the share reached 38.12%. Another thing to note is to preserve and appreciate the authenticity of the results of the product as well as artists in the form of Intellectual Property Rights (IPR) to foster the development of sustainable product.
Observers of Economics, University of Education (Undiknas) Bali, Ida Bagus Raka Suardhana emphasized that tourism will still be the main pillar of economy. However, he considered the main dignity of tourism, which is culture is in danger.
Therefore, he suggested that tourism practitioners to concern on culture in Bali for the sustainability of tourism that supports the economy. The local government also suggested to give attention to the threat of congestion that could threaten tourism.
He suggested the government to raise taxes on motor vehicles in order to suppress the ownership of vehicle. Currently, due to higher revenues of Balinese people, the ability to buy vehicles is also rising.
“Indeed, there is a progressive tax, but it is useless. The next problem is consumptive behavior of society,” he explained.
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