Purbaya Claims Fiscal Conditions Remain Stable

Finance Minister Purbaya Yudhi Sadewa assessed that the national fiscal, monetary, and financial sector conditions in the first quarter of 2026 remained stable amid increasing volatility in global financial markets. “The KSSK assessment results indicate that fiscal, monetary, and financial sector conditions during the first quarter of 2026 remained stable amid increasing global financial market volatility following the escalation of the Middle East conflict,” said Purbaya during the Financial System Stability Committee (KSSK) press conference, quoted from the Ministry of Finance statement, Thursday, 7 May 2026. According to Purbaya, entering April 2026, the dynamics of the Middle East conflict remain the main factor influencing global financial markets, particularly through surges in energy prices. Therefore, the KSSK will continue to conduct forward-looking assessments of economic and financial sector developments to mitigate various global uncertainty risks. On the domestic side, Purbaya said, Indonesia’s economic growth in the first quarter of 2026 was recorded at a respectable 5.61 per cent. Nevertheless, he conveyed that vigilance will be maintained against all potential obstacles. Purbaya also mentioned that the government will continue to push for achieving the 2026 national economic growth target of 6.4 per cent. The KSSK, he said, is committed to continuously enhancing synergy and strengthening coordinated policy responses as well as vigilance to mitigate various risks that could impact the economy and financial system stability.