{
    "success": true,
    "data": {
        "id": 1819455,
        "msgid": "economist-semester-ii-stimulus-can-maintain-public-purchasing-power-1782219342",
        "date": "2026-06-23 18:43:22",
        "title": "Economist: Semester II stimulus can maintain public purchasing power",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "An economist from Trimegah Sekuritas Indonesia has assessed that the government's Rp26.34 trillion stimulus package is a constructive step to protect household consumption amid global uncertainty. The package focuses on food aid, transport incentives, and vocational programmes to support low-income groups and the labour market. He cautioned that while stimulus can sustain short-term momentum, sustainable growth requires investment, job creation, and strengthened market confidence.",
        "content": "<p>Jakarta (ANTARA) - Trimegah Sekuritas Indonesia Chief Economist\nFakhrul Fulvian assessed that the government\u2019s Rp26.34 trillion stimulus\npackage is a constructive step in maintaining public purchasing power\namid global economic uncertainty. The composition of the stimulus, which\nfocuses on food aid, transport incentives, and internship and vocational\nprogrammes, shows that the government understands the importance of\nsustaining household consumption and strengthening the labour market.\n\u201cThis package shows that the government is paying attention to the\ncondition of Indonesian households. In a situation of high global\nuncertainty, maintaining people\u2019s purchasing power is very important\nbecause household consumption remains the backbone of Indonesia\u2019s\neconomic growth,\u201d Fakhrul said in Jakarta on Tuesday. He assessed that\nfood aid for vulnerable groups will have a direct impact on the\nconsumption of low-income communities, while internship and vocational\nprogrammes can help groups affected by the slowdown in economic activity\nand changes in the labour market structure. However, fiscal stimulus is\nfundamentally a short-term instrument to maintain economic momentum and\ncannot be the sole source of national economic growth. \u201cStimulus can\nhelp sustain growth over the next few quarters, but ultimately it only\nbuys time. Sustainable economic growth still requires investment, the\ncreation of productive jobs, and increased national productivity,\u201d he\nexplained. According to Fakhrul, the effectiveness of the stimulus will\nbe greater if accompanied by efforts to strengthen macroeconomic\nstability and increase the confidence of business actors and investors\nin the direction of national economic policy. \u201cThe Indonesian economy\ncurrently needs a combination of protection for people\u2019s purchasing\npower and strengthening market confidence. Households need consumption\nsupport, while the business world needs certainty to resume expansion\nand investment,\u201d he said. Furthermore, Fakhrul suggested that the\ngovernment use the stimulus as a bridge towards a broader economic\nreform agenda, particularly in strengthening the quality of growth and\nimproving economic actors\u2019 expectations. \u201cGoing forward, the government\nneeds to continue gradual fiscal normalisation efforts, provide clarity\non the direction of medium-term economic policy, strengthen fiscal and\nmonetary coordination, and ensure that various national strategic\nprogrammes have credible and sustainable designs. These steps will help\nrestore investor confidence, strengthen the rupiah exchange rate, and\nencourage greater investment,\u201d he said. Fakhrul added that amid dynamic\nglobal challenges, Indonesia\u2019s ability to maintain economic stability\nwill be as important as its ability to drive growth. \u201cStrong economic\ngrowth is born not only from stimulus, but also from confidence. When\nhouseholds are confident to spend, companies are confident to invest,\nand investors are confident in the policy direction, higher growth will\nbe created sustainably,\u201d he said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/economist-semester-ii-stimulus-can-maintain-public-purchasing-power-1782219342",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}