Indonesian Political, Business & Finance News

Prabowo: Indonesia Must Become More Self-Reliant

| | Source: MEDIA_INDONESIA Translated from Indonesian | Politics
Prabowo: Indonesia Must Become More Self-Reliant
Image: MEDIA_INDONESIA

President Prabowo Subianto has affirmed his commitment to continuously strengthening national self-reliance amid a global situation still fraught with uncertainty. In a statement to The Economist, Prabowo noted that the world is currently facing complex challenges. Various conflicts and geopolitical tensions, he said, have triggered volatility in the energy, food, and global financial market sectors. Despite this, he views the situation as an opportunity for Indonesia to accelerate its steps towards national independence. “These uncertain times demand common sense, common sense to support and advance our people and our economy,” Prabowo stated, as quoted on Thursday (11/6). Prabowo explained that the government has taken various strategic steps to safeguard national interests amidst ever-changing global dynamics. One such measure is strengthening fiscal discipline by cutting non-priority spending by more than IDR 300 trillion. In addition, the government is accelerating the digitalisation of the tax system, improving export governance, combating smuggling, and keeping the State Budget (APBN) deficit under control. Simultaneously, the government remains focused on investing to strengthen Indonesia’s long-term resilience and sovereignty. Prabowo revealed that various efforts are underway to reduce dependence on energy imports. These steps include implementing the B50 programme, expanding the use of new and renewable energy, constructing new oil refineries, and strengthening the national strategic fuel reserve. According to him, Indonesia’s economic foundation remains strong despite global pressures. In the first quarter of 2026, the Indonesian economy recorded 5.61% annual growth. “Indonesia remains resilient. In the first quarter of 2026, Indonesia recorded the second-highest economic growth among G20 countries, after India. Our budget deficit remains below 3% of GDP, while our debt-to-GDP ratio is far lower than many developed countries,” he explained. Prabowo acknowledged that the national transformation process will not be without obstacles. He believes that every major change faces challenges, as reflected in the historical experiences of many countries. Nonetheless, he stressed that this transformation must continue so that Indonesia can maximise its potential and no longer depend on other parties. “We are determined that this country will no longer be defined by doubt, dependency, or unsatisfactory performance,” he concluded.

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