{
    "success": true,
    "data": {
        "id": 1665438,
        "msgid": "airlangga-optimistic-that-first-quarter-growth-will-reach-5-5-percent-1775695842",
        "date": "2026-04-09 07:23:39",
        "title": "Airlangga Optimistic that First-Quarter Growth Will Reach 5.5 Percent",
        "author": "",
        "source": "TEMPO_ID_BISNIS",
        "tags": "",
        "topic": "Economy",
        "summary": "Coordinating Minister for the Economy Airlangga Hartarto expressed optimism about Indonesia's economic resilience in the first quarter of 2026, highlighting a consumer confidence index of 125.2 and foreign exchange reserves of US$151.9 billion, equivalent to six months of imports, while projecting growth of at least 5.5 percent. He detailed government efforts to stabilise the rupiah through coordination with Bank Indonesia, maintenance of the BI Rate at 4.75 percent, and continuation of bilateral currency swap agreements with several countries. Additionally, the government is absorbing the impact of aviation fuel price adjustments, including VAT, to limit domestic flight ticket increases to 9-13 percent and cover additional Hajj pilgrimage costs for 220,000 pilgrims with a budget of Rp1.77 trillion from the state funds.",
        "content": "<p>Coordinating Minister for Economic Affairs Airlangga Hartarto stated\nthat Indonesia continues to demonstrate resilience in the first quarter\nof 2026. This is reflected in the Consumer Confidence Index (IKK) at\n125.2, which is at an optimistic level, and foreign exchange reserves of\nUS$151.9 billion, equivalent to six months of imports.<\/p>\n<p>\u201cThe government still sees economic growth in the first quarter as\ngood, still able to reach or exceed 5.5 percent,\u201d said Airlangga in a\nwritten statement on Thursday, 9 April 2026.<\/p>\n<p>From a financial perspective, Airlangga noted that the government\ncontinues to coordinate with Bank Indonesia through triple intervention\npolicies in the domestic spot market and non-delivery forwards to\nmaintain rupiah exchange rate stability. He also mentioned that the BI\nRate reference interest rate is maintained at 4.75 percent.<\/p>\n<p>According to him, President Prabowo Subianto has directed the\ncontinuation of bilateral currency swap cooperation with several\ncountries, namely China, Japan, Australia, Singapore, Malaysia, and\nSouth Korea, and its expansion to other countries.<\/p>\n<p>In the energy and transportation sector, Airlangga mentioned the\nadjustment of avtur (aviation turbine fuel) prices through the\nimplementation of VAT, with 11 percent borne by the government for two\nmonths. This policy, he said, holds domestic flight ticket price\nincreases to around 9 to 13 percent.<\/p>\n<p>According to him, the impact of avtur price increases on Hajj\ntransportation costs is borne by the government so as not to add to the\nexpenses for around 220,000 pilgrims. A budget of Rp1.77 trillion is\nsaid to be allocated from the state budget to cover this impact.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/airlangga-optimistic-that-first-quarter-growth-will-reach-5-5-percent-1775695842",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}