{
    "success": true,
    "data": {
        "id": 1627818,
        "msgid": "government-optimistic-that-ramadan-eid-will-drive-5-5-percent-growth-1774065073",
        "date": "2026-03-21 10:03:35",
        "title": "Government optimistic that Ramadan-Eid will drive 5.5 percent growth",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "Coordinating Minister for the Economy Airlangga Hartarto has expressed optimism that Indonesia's national economic growth target of 5.5 percent for the first quarter of 2026 can be achieved, propelled by heightened consumer spending during Ramadan and Eid al-Fitr. Although inflation is expected to rise due to the absence of last year's 50 percent electricity tariff discounts, government measures such as transportation incentives worth Rp911.16 billion and food assistance of Rp12 trillion to 35.04 million families are anticipated to sustain purchasing power and economic momentum. These initiatives, including discounts on train, sea, ferry, and flight tickets, alongside accelerated state spending and fiscal stimuli, underscore the government's strategy to bolster growth amid festive periods.",
        "content": "<p>Coordinating Minister for Economic Affairs Airlangga Hartarto is\noptimistic that the national economic growth target of 5.5 percent in\nthe first quarter of 2026 can be achieved thanks to increased consumer\nspending during Ramadan and Eid.<\/p>\n<p>\u201cIt seems the 5.5 target can be achieved from the vibrancy during\nlast Ramadan,\u201d said Airlangga when met after Eid al-Fitr prayers in\nJakarta on Saturday.<\/p>\n<p>He also highlighted the dynamics of inflation, which is likely to be\nhigher compared to the first quarter of last year.<\/p>\n<p>This is due to the absence of the 50 percent electricity tariff\ndiscount programme that previously suppressed inflation throughout\nJanuary-February 2025.<\/p>\n<p>\u201cLast year up to February there was an electricity tariff discount.\nSo that made last year\u2019s inflation in terms of electricity deflationary.\nThis year because there isn\u2019t any (electricity tariff discount), the\nfigure will be higher,\u201d he said.<\/p>\n<p>Although inflationary pressures are expected to increase, the\ngovernment is optimistic that consumer purchasing power and increased\nconsumption during Ramadan and Eid will maintain growth momentum.<\/p>\n<p>The government targets national economic growth in the first quarter\nof 2026 to expand in the range of 5.5 percent to 5.6 percent\n(year-on-year\/yoy). This target is driven by accelerated state spending,\nfiscal stimuli, and strengthened consumer purchasing power, especially\nduring the Ramadan and Eid al-Fitr period.<\/p>\n<p>One of them is transportation incentives for Eid homecoming in the\nform of a 30 percent train ticket discount, 30 percent sea\ntransportation, 100 percent ferry services, and 17-18 percent aircraft\nticket price cuts.<\/p>\n<p>The estimated budget for transportation incentives reaches Rp911.16\nbillion from the state budget and non-state budget.<\/p>\n<p>In addition, the government is also distributing food assistance\nworth Rp12 trillion to beneficiary families. The assistance consists of\n10 kilograms of rice and 2 litres of cooking oil for two months, namely\nFebruary-March 2026, to 35.04 million families.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/government-optimistic-that-ramadan-eid-will-drive-5-5-percent-growth-1774065073",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}