Deputy Finance Minister states Indonesia's investment grade remains secure amid global pressures

Jakarta (ANTARA) - Deputy Finance Minister Juda Agung stated that Indonesia’s investment grade status remains secure amid increasing global pressures. The pressures in question include the rise in global oil prices due to conflicts in the Middle East, which have also triggered uncertainty in global financial markets. “Compared to peer countries, Indonesia is growing more strongly while maintaining macroeconomic stability, supported by low inflation, a strong fiscal position, and solid external buffers,” said Juda Agung at the Fitch Ratings Annual Indonesia Conference in Jakarta on Thursday. As is known, as of March 2026, Fitch Ratings has assigned Indonesia’s sovereign debt a BBB rating with a negative outlook. This rating experienced a downgrade from the previous stable outlook. The claim is based on the assessment that domestic economic fundamentals remain solid. The Deputy Finance Minister explained that the government has so far succeeded in maintaining economic growth of 5.11 per cent (year on year/yoy) throughout 2025, with the fiscal deficit remaining below 3 per cent. In addition, the debt-to-GDP ratio is also maintained at around 40 per cent, well below the safe limit of 60 per cent. Meanwhile, Indonesia’s inflation as of March 2026 is recorded within the target range of 1.5-3.5 per cent (2.5±1 per cent), with the Consumer Price Index (CPI) at 3.48 per cent (yoy) and core inflation at 2.52 per cent (yoy).