The turnover of money during the month of Ramadan and the Eid al-Fitr holiday is expected to significantly boost national economic growth in the first quarter of 2024 and is predicted to reach Rp157.3 trillion.

Deputy Chairman of Kadin Indonesia in the field of Regional Autonomy Development, Sarman Simanjorang, said that this has the opportunity to maintain Indonesia's economic growth of 5 per cent.

"With such a large turnover, it is certain that the regional economy will be productive, encouraging increased household consumption," said Sarman, in his statement (31/3).

He explained that the proposal will spread throughout the country, especially areas that are the main destinations for homecoming such as Central Java, East Java, West Java, Yogyakarta, Banten and Jabodetabek which are estimated to reach 62 per cent of the population, the rest will spread in Sumatra, Kalimantan, Bali / NTB, Sulawesi, NTT, Maluku and Papua.

In addition, the turnover of money will also increase Regional Original Revenue in each homecoming destination from taxes on hotels, restaurants, cafes, levies to enter tourist destinations and others during the Eid holiday season.

He also hopes that local governments can help smooth the flow of homecoming and ensure that entrepreneurs in destination areas do not raise excessive prices that make travellers reluctant to spend their money.

Such as entrance fees to tourist sites, hotel/lodging rates, food and beverage prices and prices of regional specialities or souvenirs are also expected not to experience burdensome increases for consumers.

"Business actors in homecoming destinations must be able to create memorable and pleasant services, so that travellers do not hesitate to spend their money during the holidays," he concluded.