The Central Leadership of Garuda Astacita Nusantara (DPP GAN)\nsupports the initiative by the Deputy Speaker of the House of\nRepresentatives, Sufmi Dasco Ahmad, to bring together the government,\nBank Indonesia, and fiscal-monetary authorities to safeguard national\neconomic stability. The meeting, held at the Parliament Complex in\nSenayan, Jakarta, included the Minister of State Secretary Prasetyo\nHadi, Finance Minister Purbaya Yudhi Sadewa, Governor of Bank Indonesia\nPerry Warjiyo, and the leadership of Commission XI of the House of\nRepresentatives, Moh. Hekal. The discussions focused on coordinating\nfiscal and monetary policies amidst global economic pressures, with the\nobjectives of maintaining financial sector stability, controlling\ninflation, and strengthening the foundations of economic growth.<\/p>\n
Chairman of DPP GAN, Muhammad Burhanuddin, stated that global\neconomic volatility requires a measured and coordinated response from\nall the nation\u2019s economic institutions. \u201cDPP GAN supports the efforts of\nDeputy Speaker Sufmi Dasco Ahmad to synergise ministries and economic\nagencies to accelerate economic recovery and stabilise the rupiah\nexchange rate,\u201d he said in an official statement. He emphasised that\nsynergy between the government, Bank Indonesia, the House of\nRepresentatives, and other economic institutions is vital to maintaining\nmarket confidence and ensuring national development meets its\ntargets.<\/p>\n
Meanwhile, the national shipbuilding industry is facing increasing\ncost pressures due to the strengthening of the US dollar against the\nrupiah. The weakening rupiah, which has reached a new psychological\nlevel after surpassing Rp18,000 per US dollar, tests not only the\nresilience of fiscal and monetary fundamentals but also raises\nsignificant economic questions. On Monday morning, the rupiah exchange\nrate opened 0.39 per cent weaker at Rp18,107 per US dollar.<\/p>\n
According to Governor Perry Warjiyo, two steps have been agreed upon\nto strengthen fiscal and monetary coordination to support the stability\nof the rupiah. Finance Minister Purbaya Yudhi Sadewa emphasised that\nIndonesia\u2019s current economic condition remains stable and is not heading\ntowards a crisis similar to the 1997-1998 monetary crisis. He noted that\npriority programmes are designed to be flexible and will not disrupt\nnational fiscal stability. Furthermore, the Minister asserted that the\nrecent decline in the Jakarta Composite Index (IHSG) and the rupiah is\ndriven by negative perceptions rather than the fundamental economic\nconditions of Indonesia. The Minister also highlighted the impact of the\nrupiah\u2019s depreciation on small businesses, particularly tofu and tempeh\ntraders. In response, the government and Bank Indonesia have agreed to\nincrease the remuneration or interest on government funds placed within\nthe central bank.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/facing-global-uncertainty-gan-supports-economic-policy-consolidation-1780902886", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }