Finance Minister Purbaya Yudhi Sadewa has presented the progress of\nIndonesia\u2019s economic development and fiscal management up to May 2026.\nPurbaya noted that the State Budget (APBN) deficit reached 0.70% of\nGross Domestic Product (GDP), amounting to Rp 180.4 trillion as of May\n2026.<\/p>\n
This stability is supported by successful efforts to increase tax\nrevenue, which grew by 22.1% (yoy) following tax reforms and the\nreorganisation of tax officials.<\/p>\n
\u201cThis means that with the current deficit figure, our state budget is\nstill very well-maintained. The primary success is our ability to\nsignificantly increase tax revenue. Compared to the first five months of\nlast year, our taxes grew by 22.1%. That is a very significant growth,\u201d\nhe stated during the CNBC Indonesia Economic Update on Wednesday\n(24\/6\/2026).<\/p>\n
In line with the economic growth achievement of 5.61% (yoy) in the\nfirst quarter of 2026, Purbaya mentioned that the sources of national\neconomic growth are performing well. This includes flagship government\nprogrammes such as the Free Nutritious Meal (MBG) as well as the private\nsector, which has been successfully driven by the Prabowo\nadministration.<\/p>\n
\u201cThe contribution of government spending to the economy is only\naround 7.7%. The remainder comes from the private sector,\u201d said\nPurbaya.<\/p>\n
In other words, if the private sector had not shown movement, the\nnational economy would not have achieved a growth of 5.61% in the first\nquarter of 2026.<\/p>\n
\u201cThis shows that the President\u2019s strategy to build the economy\nthrough both the government and the private sector is working well. That\nis something many people often forget,\u201d Purbaya added.<\/p>\n
Purbaya also emphasised that public purchasing power is showing a\npositive trend. This is reflected in data regarding consumption and\nautomotive sales, indicating that the Indonesian economy is still\nexpanding and is far from the impression of heading towards a crisis\nsimilar to 1998. Furthermore, government stimuli, such as the 13th-month\nsalary for Civil Servants and Pensioners, have also successfully\nsupported the national economy.<\/p>\n
\u201cSo, it is far from the impression that we are heading towards\nanother 1998-style crisis. Our economy is still expanding, perhaps at\nabove 5.4% or more. We will have to see as the data has not yet been\nreleased,\u201d Purbaya asserted.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/state-budget-in-good-shape-purbaya-assures-indonesia-far-from-crisis-1782136290", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }