{
    "success": true,
    "data": {
        "id": 1662218,
        "msgid": "government-focuses-on-maintaining-purchasing-power-amid-surge-in-global-oil-prices-1775591476",
        "date": "2026-04-07 20:38:27",
        "title": "Government focuses on maintaining purchasing power amid surge in global oil prices",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "The Indonesian government, through the Ministry of National Development Planning\/Bappenas, is prioritising the preservation of public purchasing power in response to the global oil price surge to ensure economic stability. Household consumption, which accounts for 56% of GDP, must remain robust, prompting the government to avoid raising domestic fuel prices until year-end and to reallocate ministry budgets to buffer fiscal pressures. Officials anticipate a easing of global geopolitical tensions by June 2026, allowing available fiscal safeguards to adequately support national economic resilience.",
        "content": "<p>Jakarta (ANTARA) - The Ministry of National Development\nPlanning\/National Development Planning Agency (PPN\/Bappenas) states that\none of the government\u2019s primary focuses in responding to the surge in\nglobal oil prices is to maintain the level of public purchasing\npower.<\/p>\n<p>Director of Macroeconomic Planning and Development Model Planning at\nthe Ministry of PPN\/Bappenas, Ibnu Yahya, in Jakarta on Tuesday,\nexplained that economic growth needs to be kept stable to prevent\npressure on the national economy.<\/p>\n<p>In this context, household consumption serves as a pillar of gross\ndomestic product (GDP) with a contribution of 56 per cent.<\/p>\n<p>\u201cIf oil prices are raised, consumption automatically drops. If\nhousehold consumption falls, the government also cannot move much,\u201d said\nIbnu at an event titled \u201cUnlocking Growth in The Middle Income\nTrap\u201d.<\/p>\n<p>At the same time, the business world is also relatively wait-and-see\ngiven the developments in the global economy influenced by geopolitical\ntensions.<\/p>\n<p>\u201cConsumption must not fall. That\u2019s why the government cannot raise\noil prices until the end of the year. We must secure how household\nconsumption does not drop,\u201d he explained.<\/p>\n<p>Amid this situation, the government is taking steps to reallocate\nspending by ministries\/institutions (K\/L).<\/p>\n<p>\u201cAlthough from the non-K\/L spending side, subsidies and debt interest\npayments are increasing, there is buffer space that we have formulated\nto withstand (the turbulence),\u201d he added.<\/p>\n<p>Ibnu said the government will monitor developments in global\ngeopolitical tensions until June 2026. The government is optimistic that\nglobal pressures, including wars and their impact on energy prices, will\nbegin to ease during that period, so the available fiscal buffers remain\nadequate to maintain stability.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/government-focuses-on-maintaining-purchasing-power-amid-surge-in-global-oil-prices-1775591476",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}