{
    "success": true,
    "data": {
        "id": 1668064,
        "msgid": "airlangga-optimistic-that-indonesias-economy-will-grow-5-5-percent-in-q1-2026-1775757047",
        "date": "2026-04-09 23:49:47",
        "title": "Airlangga optimistic that Indonesia's economy will grow 5.5 percent in Q1 2026",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "Coordinating Minister for the Economy Airlangga Hartarto has expressed optimism that Indonesia's economy will achieve growth of at least 5.5 percent in the first quarter of 2026, with full-year growth reaching at least 5.4 percent as projected in the state budget. This projection depends on global dynamics, including Middle East conflicts affecting energy prices, but is supported by strong domestic fundamentals such as household consumption contributing 54 percent to GDP, a 14.3 percent rise in tax receipts to Rp462.7 trillion by March, and stable food security with 34.7 million tons of rice production in 2025. The government is implementing strategic policies like the B50 biodiesel programme from July 2026, expected to save Rp48 trillion, while maintaining fiscal discipline with a debt-to-GDP ratio of 40 percent and a budget deficit around 3 percent.",
        "content": "<p>Jakarta (ANTARA) - Coordinating Minister for the Economy Airlangga\nHartarto is optimistic that Indonesia\u2019s economic growth in the first\nquarter of 2026 could reach 5.5 percent.<\/p>\n<p>\u201cFor the first quarter, we are optimistic it will be greater than or\nequal to 5.5 percent. Then, by the end of the year, greater than or\nequal to 5.4 percent in line with the state budget projection,\u201d\nAirlangga said when met at the Coordinating Ministry for the Economy\noffice in Jakarta on Thursday.<\/p>\n<p>He explained that this projection still heavily depends on global\ndynamics, which are currently shrouded in uncertainty.<\/p>\n<p>The government will continue to adjust economic policies in line with\nglobal developments, including the impact of the Middle East conflict,\nwhich has the potential to affect energy price stability and supply\nchains.<\/p>\n<p>Nevertheless, Airlangga continued, the government is maintaining the\nbaseline economic growth for 2026 at around 5.4 percent as set in the\nstate budget.<\/p>\n<p>Furthermore, he detailed that this assumption also takes into account\nfluctuations in global oil prices. He mentioned that the average oil\nprice purchased by Indonesia is around 76 US dollars per barrel.<\/p>\n<p>\u201cEvery 1 dollar increase in fuel, the impact on the state budget is\naround more than Rp6 trillion. Net, that is, gains from high commodity\nexport prices minus the subsidy amount, approximately Rp6 trillion. So\nif the figures are like that, they can still be absorbed by the state\nbudget,\u201d he explained.<\/p>\n<p>Following the Government Working Meeting at the Presidential Palace\nComplex in Jakarta on Wednesday (8\/4), the Coordinating Minister stated\nthat the optimism for economic growth is supported by strong domestic\nfundamentals, particularly household consumption, which contributes\naround 54 percent to gross domestic product (GDP).<\/p>\n<p>From a fiscal perspective, the state budget performance up to the\nfirst quarter of 2026 also shows a positive trend. Tax receipts up to\nMarch were recorded to have increased by 14.3 percent to around Rp462.7\ntrillion, while the manufacturing sector remains in an expansion\nphase.<\/p>\n<p>In addition, national food resilience is assessed to remain\nmaintained. Rice production in 2025 reached 34.7 million tons, with\nBulog\u2019s current rice stock at around 4.6 million tons.<\/p>\n<p>The government is also continuing to prepare strategic policies to\nmaintain the momentum of growth and economic stability, one of which is\nthrough the implementation of the B50 biodiesel programme starting 1\nJuly 2026.<\/p>\n<p>\u201cThe B50 policy is estimated to provide budget savings of up to Rp48\ntrillion,\u201d said Airlangga.<\/p>\n<p>On the other hand, the government is committed to maintaining fiscal\ndiscipline, including keeping the debt ratio at 40 percent of GDP, below\nthe maximum legal limit of 60 percent.<\/p>\n<p>Additionally, the budget deficit is also targeted to remain\ncontrolled at around 3 percent until the end of the year.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/airlangga-optimistic-that-indonesias-economy-will-grow-5-5-percent-in-q1-2026-1775757047",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}