Indonesia government to spend US$35.5 billion on education
The government of Indonesia will invest substantially this year to improve the employability of country’s workforce, according to a report by the Jakarta Post.
Specifically, the government is encouraging educational establishments to help develop the needed manpower for the ‘fourth industrial revolution’.
The government has earmarked 20% of its total annual budget for this year to the education sector, which amounts to US$35.4 billion, according to Indonesia’s Finance Minister, Sri Mulyani Indrawati.
At recent event about Industry 4.0, Vice-President Jusuf Kalla echoed this intent to prepare the future workforce for the future economy.
“An economy that grows as quickly as the technology means a lot of jobs will vanish while new roles emerge. These new fields are what educational institutions should focus on for their students,” he said.