KSSK Projects Indonesia's Q2-2026 Economic Growth at Around 5.4%

Jakarta, CNBC Indonesia - The government is confident that economic growth in the second quarter of 2026 will remain rapid, albeit slightly below the realisation in the first quarter of 2026, which grew 5.61% year on year (yoy).

Based on projections by the Financial System Stability Committee (KSSK), which includes the Ministry of Finance, Bank Indonesia (BI), the Financial Services Authority (OJK) and the Deposit Insurance Corporation (LPS), Purbaya said economic growth in the second quarter of 2026 is projected to be in the range of 5.4%.

“If we look at the predictions from all four institutions, the figure appears to be below 5.6%, but not far from 5.4% in the second quarter of 2026,” Purbaya said at a press conference following the KSSK’s periodic meeting in Jakarta on Monday (3/8/2026).

According to Purbaya, the slowdown in economic growth in the second quarter of 2026 is due to heightened global economic uncertainty, which has also affected domestic economic activity.

This ranges from high crude oil and general energy commodity prices, to volatility in financial markets such as the exchange rate and outflows of foreign capital.

Nevertheless, Purbaya assured that with the second quarter now behind and the economy entering the second half of 2026, the government has prepared a range of policies aimed at driving faster economic growth ahead, including a series of incentives, state spending support, sufficient liquidity in the financial system, and a conducive investment climate.

He estimated that in the second half of 2026, Indonesia’s economic growth could reach a range of 5.6% to 6% in aggregate.

“Spending in the second half will flow more smoothly than before; we predict growth in the second half to recover to 5.6%-6%,” he affirmed.