{
    "success": true,
    "data": {
        "id": 1722128,
        "msgid": "rupiah-weakness-has-no-impact-on-purchasing-power-assessed-not-due-to-internal-factors-1778183873",
        "date": "2026-05-06 18:51:57",
        "title": "Rupiah Weakness Has No Impact on Purchasing Power, Assessed Not Due to Internal Factors",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Economy",
        "summary": "Economist Dr. Surya Vandiantara from Muhammadiyah University of Bengkulu argues that the current weakening of the rupiah is not caused by internal factors, as Indonesia's economic growth remains positive and stable at around 5% year-on-year, and the trade balance recorded a surplus in March 2026 with exports at US$22.53 billion and imports at US$19.21 billion. He further notes that the ratio of external debt to GDP stands at a safe 29.8%, dominated by long-term debt, which does not pose a significant threat to the nation's ability to pay. This assessment suggests that the rupiah's depreciation will not substantially affect public purchasing power.",
        "content": "<p>Jakarta, VIVA \u2013 Economist from Muhammadiyah University of Bengkulu,\nDr.\u00a0Surya Vandiantara, assesses that the current weakening of the rupiah\nexchange rate is not caused by internal factors. Therefore, it does not\naffect the purchasing power of the public.<\/p>\n<p>According to him, internal factors weakening the rupiah exchange rate\nare caused by two things. Namely, weak economic growth in a country or\nhigh imports of goods, which lead to a trade balance deficit and thus\nincrease demand for foreign currency.<\/p>\n<p>\u201cBPS recorded economic growth (yoy) in the first quarter of 2026 at a\npositive 5.61 percent, as well as the fourth quarter of 2025 at 5.39\npercent, and the third quarter of 2025 at 5.04 percent. This condition\nshows that domestic economic growth has a positive and stable trend,\u201d\nsaid Surya in his statement on Wednesday, 6 May 2026.<\/p>\n<p>Meanwhile, Surya said that BPS also recorded a surplus in the trade\nbalance. In March 2026, exports reached US$22.53 billion, while imports\nwere only US$19.21 billion.<\/p>\n<p>\u201cConsidering the positive and stable economic growth as well as the\nsurplus trade balance, it is not due to internal factors and will not\nsignificantly affect the purchasing power of the public,\u201d he stated.<\/p>\n<p>Regarding external debt, Bank Indonesia (BI) reported in April 2026\nthat the ratio of External Debt (ULN) to Gross Domestic Product (GDP) is\nat 29.8 percent, with long-term ULN dominating at 84.9 percent of total\nULN.<\/p>\n<p>Based on this data, Surya assesses that Indonesia\u2019s debt position is\nstill in the safe category. This is judged by the debt repayment\ncapacity ratio.<\/p>\n<p>\u201cVarious economic theories attempt to provide a threshold for debt\nhealth ratios. The threshold ratio is usually set at one-third or 40\npercent of total income,\u201d said Surya.<\/p>\n<p>\u201cThe Bank Indonesia report stating that the ULN to GDP ratio is at\n29.8 percent shows that the ULN ratio is below one-third or below 40\npercent of total GDP, so it can be concluded that ULN is still within\nthe safe threshold,\u201d he added.<\/p>\n<p>In addition, Surya continued, the loan tenor also has an important\ninfluence in measuring the health of ULN. The longer the tenor for debt\nrepayment, the lower the repayment obligation value in each payment\nperiod.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-weakness-has-no-impact-on-purchasing-power-assessed-not-due-to-internal-factors-1778183873",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}