{
    "success": true,
    "data": {
        "id": 1631038,
        "msgid": "government-optimistic-eid-homecoming-will-boost-national-economic-activities-1774259480",
        "date": "2026-03-23 16:25:09",
        "title": "Government optimistic Eid homecoming will boost national economic activities",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Economy",
        "summary": "The Indonesian government is optimistic that this year's Eid homecoming will significantly boost national economic activities, with every traveller's spending creating a multiplier effect for MSMEs, traders, and transportation sectors. A 2023 BPS study highlighted that such activities contributed 1.5 percent to annual economic growth, while household consumption rises by 15-20 percent during Eid, potentially increasing regional MSME incomes by 50-70 percent. Supported by fiscal stimuli exceeding Rp12.8 trillion, social assistance of Rp11.92 trillion, and transport discounts, the event is projected to see higher mobility than last year's 154.62 million people, aiding the 5.5-5.6 percent growth target through inclusive and sustainable economic circulation.",
        "content": "<p>\u201cEvery spending by travelers creates a multiplier effect for economic\nactors, including micro, small, and medium enterprises (MSMEs), traders,\nand the transportation services sector,\u201d Coordinating Ministry for\nEconomic Affairs spokesperson Haryo Limanseto said in a statement here\non Monday.<\/p>\n<p>He explained that Eid homecoming has proven to be a consistent and\nmeasurable instrument for strengthening the economy.<\/p>\n<p>A 2023 study by Statistics Indonesia (BPS) also showed that\nhomecoming activities contributed around 1.5 percent to annual (yoy)\nnational economic growth.<\/p>\n<p>This contribution occurs through the circulation of money from\ncenters of economic activity to various regions, thereby broadening\neconomic impact and increasing more equitable money circulation.<\/p>\n<p>\u201cWith such significant potential, policy synergy and strengthening\nMSMEs are key to optimizing the Eid homecoming momentum to drive\ninclusive and sustainable economic growth,\u201d Limanseto said.<\/p>\n<p>Based on data, household consumption during Eid increases by 15-20\npercent compared to normal months, in line with high public\nmobility.<\/p>\n<p>The high Marginal Propensity to Consume (MPC) among Indonesians\nduring this period also reinforces consumption growth, including an\nincrease in the income of regional MSMEs by up to 50-70 percent.<\/p>\n<p>Meanwhile, projections of economic activity in this year\u2019s Eid\nmomentum show an optimistic trend and are expected to increase compared\nto the previous year.<\/p>\n<p>Last year, the Eid momentum recorded public mobility reaching 154.62\nmillion people. Public movement and spending in 2026 are expected to\nincrease to support the annual economic growth target of 5.5-5.6 percent\n(yoy).<\/p>\n<p>This optimism is supported by various stimulus policies, including\nfiscal stimulus allocation of more than Rp12.8 trillion, the\ndistribution of social assistance amounting to Rp11.92 trillion to 5.04\nmillion households, and transportation fare discounts worth Rp911.16\nbillion.<\/p>\n<p>Related news: Indonesia Eid travel surge: 4.41M passengers across 37\nairports<\/p>\n<p>Related news: Minister ensures stable food supply during Eid holiday\nseason<\/p>\n<p>Related news: Eid momentum drives Indonesia\u2019s halal assurance push:\nBPJPH<\/p>\n<p>Translator: Bayu, Kenzu<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/government-optimistic-eid-homecoming-will-boost-national-economic-activities-1774259480",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}