Deputy Finance Minister: Indonesia's Economy Remains Solid Amid Commodity Price Pressures

Jakarta (ANTARA) - Deputy Finance Minister Suahasil Nazara stated that Indonesia’s economic fundamentals continue to show relatively solid performance amid the current global challenges, including commodity price pressures.

In a written statement in Jakarta on Wednesday, Suahasil noted that this solid performance is reflected in the national economic growth maintained at around 5 percent, inflation controlled at a level of 3 percent, and the ongoing trade balance surplus.

For the record, Indonesia’s economy experienced annual (year-on-year/yoy) inflation of 3.48 percent in March 2026. Meanwhile, Indonesia’s trade balance for February 2026 recorded a surplus of 1.27 billion US dollars, continuing the surplus trend for 70 consecutive months.

“Many other countries envy having growth above 5 percent, having inflation in the 3 percent range. Then, our trade surplus has been ongoing for 70 consecutive months, more than 5 years of trade surplus, our foreign exchange reserves are adequate, and our manufacturing sector remains expansive,” said Suahasil.

The government, he said, continues to implement a consistent and directed development strategy, including to escape the middle-income trap, amid increasingly uncertain global conditions.

This strategy is summarised in five major development agendas. First, increasing labour productivity through strengthening human resource quality, including education, health, and social protection.

Second, infrastructure development to expand access to basic services and strengthen food and energy resilience. Third, institutional reforms to create an effective, credible bureaucracy capable of producing regulations that have a real impact on the economy.

Fourth, strengthening adaptive and responsive macroeconomic policies to global dynamics. Fifth, maintaining political and security stability as the primary prerequisite for development success.

“Just stay consistent with these five, in my view. Of course, this consistency is translated in every government period, and by each government period translated into the state budget from year to year,” added the Deputy Finance Minister.

He also emphasised the importance of credibility as the key to implementing all these policies.

“Credibility is very important. A credible state budget, credible Danantara, and of course credible monetary policy, trusted by the public, trusted by the business world. This becomes a very important capital, this becomes an imperative for all who manage fiscal policy, monetary policy, or investment policy of the Republic of Indonesia,” he stated.