{
    "success": true,
    "data": {
        "id": 1758522,
        "msgid": "purbaya-defends-economic-outlook-denies-over-optimism-1779537406",
        "date": "2026-05-22 20:17:17",
        "title": "Purbaya defends economic outlook, denies 'over-optimism'",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesia's Finance Minister Purbaya defended the 2026 economic outlook as calculated rather than over-optimistic, citing robust momentum in Q1 2026. He pointed to 5.61% annual growth driven by household consumption, private investment and accelerating government spending, with the budget deficit held at 0.64% of GDP as of 30 April. He also announced cross-ministry steps to improve the domestic investment climate and a task force to fast-track regulatory bottlenecks, arguing these measures underpin continued investor confidence and coordination between fiscal, monetary and financial policy.",
        "content": "<p>\u201cThis is not over-optimism; it is a calculated move,\u201d Purbaya said in\na statement. \u201cWe calculate our steps, we see the impact, and we think it\nwill indeed go that [positive] way.\u201d<\/p>\n<p>The minister noted that Southeast Asia\u2019s largest economy maintained\nstrong momentum with 5.61 percent growth in the first quarter of 2026,\ndriven by robust household consumption, private investment, and\naccelerating government spending.<\/p>\n<p>\u201cNow, both of our economic engines are starting to move\u2014the\ngovernment and the private sector,\u201d he added.<\/p>\n<p>Purbaya emphasized that the state budget will continue to be managed\nprudently to sustain growth while safeguarding fiscal health.<\/p>\n<p>As of April 30, 2026, the state budget deficit was tightly controlled\nat 0.64 percent of GDP, or Rp164.4 trillion (US$9.29 billion).<\/p>\n<p>\u201cThe deficit has not increased, but our economic growth is faster\nthan planned. This allows us to manage the budget more efficiently and\nensure a more vibrant private sector,\u201d Purbaya explained.<\/p>\n<p>To further capital inflows, the government is leaning into\ncross-ministry coordination to improve the domestic investment\nclimate.<\/p>\n<p>A dedicated task force has also been established to fast-track the\nresolution of regulatory and bureaucratic bottlenecks for investors.<\/p>\n<p>Purbaya pointed to strong global investor confidence as proof of\nIndonesia\u2019s stability, noting that recent global bond issuances received\nrobust demand despite ongoing volatility in international financial\nmarkets.<\/p>\n<p>According to the minister, sustained investor appetite for Indonesian\ndebt securities underscores international market confidence in Jakarta\u2019s\nfiscal credibility and macroeconomic outlook.<\/p>\n<p>Moving forward, he pledged continued synergy between fiscal,\nmonetary, and financial policies to foster sustainable growth.<\/p>\n<p>Related news: JCI slides 3.54% as resource export policy weighs<\/p>\n<p>Related news: Danantara backs choice of Australian to lead state\nresource firm<\/p>\n<p>Translator: Imamatul Silfia, Yashinta Difa<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/purbaya-defends-economic-outlook-denies-over-optimism-1779537406",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}