Cabinet Secretary Teddy's Remarks on Indonesia's Economic Trends

Jakarta (ANTARA) - Cabinet Secretary (Seskab) Teddy Indra Wijaya stated that data indicates Indonesia’s economy is heading towards a positive trend, with the public’s purchasing power remaining stable amid the current global dynamics.

In a meeting with journalists in Jakarta on Friday, Seskab Teddy conveyed that amidst global conflicts and the impact of the situation in the Middle East war, conditions in Indonesia are currently under control.

“What is the proof? First, amid global conflicts and the impact in the Middle East, the Middle East war, many countries are raising fuel prices and facing fuel shortages. But President Prabowo has decided not to raise the price of subsidised fuel at all,” said Seskab.

Second, he said, economic data from credible economists shows that Indonesia is heading towards a positive and optimistic trend, with the public’s purchasing power maintained.

He explained that one concrete proof is that during Eid over the last two years, the prices of basic necessities remained stable and supplies were available. In addition to the stable prices of essential goods, the availability of fuel was also maintained.

“Prices of basic necessities and essential needs are available, prices are stable, fuel is available, and the homecoming traffic flows smoothly. That is factual data available on the ground. Everything is measurable here. So, the public should not worry,” he said.

Previously, Coordinating Minister for Economic Affairs Airlangga Hartarto expressed optimism about Indonesia’s economic growth.

This is supported by strong domestic fundamentals, particularly household consumption, which contributes around 54 per cent to gross domestic product (GDP).

When met at the Office of the Coordinating Ministry for Economic Affairs in Jakarta on Thursday (9/4), he stated that he is optimistic about Indonesia’s economic growth in the first quarter of 2026 reaching 5.5 per cent.

“For the first quarter, we are optimistic it will be higher or equal to 5.5 per cent. Then, at the end of the year, it will be higher or equal to 5.4 per cent in line with the APBN projection,” he said.