{
    "success": true,
    "data": {
        "id": 1627921,
        "msgid": "lebaran-consumption-boosts-economy-5-5-percent-target-believed-achievable-1774068674",
        "date": "2026-03-21 10:39:04",
        "title": "Lebaran Consumption Boosts Economy, 5.5 Percent Target Believed Achievable",
        "author": "Friska Yolandha",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Economy",
        "summary": "Coordinating Minister for the Economy Airlangga Hartarto expressed optimism that Indonesia's national economic growth target of 5.5 percent for the first quarter of 2026 will be met, driven 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 initiatives such as transportation subsidies worth Rp 911.16 billion, Rp 12 trillion in food assistance for 35.04 million families, and Rp 55 trillion in holiday allowances for 10.5 million civil servants are anticipated to sustain purchasing power and economic momentum. These fiscal stimuli, combined with accelerated state spending, underscore the government's strategy to bolster growth amid seasonal pressures.",
        "content": "<p>Coordinating Minister for the Economy Airlangga Hartarto is\noptimistic that the national economic growth target of 5.5 percent for\nthe first quarter of 2026 can be achieved thanks to increased consumer\nspending during Ramadan and Eid al-Fitr.<\/p>\n<p>\u201cIt seems the 5.5 percent target can be achieved from the activity\nduring last Ramadan,\u201d said Airlangga after Eid al-Fitr prayers in\nJakarta on Saturday (21\/3\/2026).<\/p>\n<p>He also highlighted the inflation dynamics, which are likely to be\nhigher than in 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>Without that discount, he continued, household spending on\nelectricity bills returns to normal levels, thus statistically recording\nhigher inflation.<\/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 is no electricity tariff discount, the figure\nwill 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 al-Fitr will maintain growth\nmomentum.<\/p>\n<p>The government targets national economic growth in the first quarter\nof 2026 to be 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, particularly\nduring the Ramadan and Eid al-Fitr period.<\/p>\n<p>To maintain consumer purchasing power and boost economic growth, the\ngovernment has launched an economic stimulus package in the first\nquarter of 2026.<\/p>\n<p>One of them is transportation incentives for Eid al-Fitr homecoming\nin the form of a 30 percent discount on train tickets, 30 percent on sea\ntransportation, 100 percent on ferry services, and 17-18 percent\ndiscounts on flight tickets.<\/p>\n<p>The estimated budget for transportation incentives reaches Rp 911.16\nbillion, sourced from the state budget (APBN) and non-APBN.<\/p>\n<p>In addition, the government is distributing food assistance worth Rp\n12 trillion to beneficiary families. The assistance consists of 10\nkilograms of rice and 2 litres of cooking oil for two months, namely\nFebruary-March 2026, to 35.04 million families.<\/p>\n<p>The government is also allocating Rp 55 trillion for Eid al-Fitr\nallowances (THR) for around 10.5 million state apparatus, comprising\ncivil servants (ASN), government employees with work agreements (PPPK),\nTNI and Polri, as well as pensioners.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/lebaran-consumption-boosts-economy-5-5-percent-target-believed-achievable-1774068674",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}