Purbaya: Financial System Stability Remains Maintained
Finance Minister Purbaya Yudhi Sadewa stated that the stability of the financial system remains maintained amid increasing volatility in global financial markets, following the escalation of conflict in the Middle East. This conclusion stems from the second periodic meeting of the Financial System Stability Committee (KSSK), which took place on Monday, 27 April 2026.
Purbaya noted that the dynamics of resolving the conflict in the Middle East continue to be the primary factor triggering global financial market volatility. “Based on these developments, the KSSK, comprising the Finance Minister, Governor of Bank Indonesia, Chairman of the Financial Services Authority Board of Commissioners, and Chairman of the Deposit Insurance Corporation Board of Commissioners, will continue to monitor and conduct forward-looking assessments of the performance of the economy and the financial sector amid rising global economic uncertainty risks,” Purbaya said during a press conference following the periodic KSSK meeting in Jakarta on Thursday, 7 May 2026.
Meanwhile, on the domestic front, Purbaya highlighted the first-quarter 2026 economic growth at 5.61 per cent. Nevertheless, he stated that the KSSK will remain vigilant regarding macroeconomic challenges and conditions in the second quarter.
Additionally, Purbaya mentioned that President Prabowo Subianto has formed a task force to accelerate government programmes in support of increasing economic growth, as part of efforts to improve the investment climate. The government has also introduced channels for addressing bottlenecks to resolve permitting obstacles.
The former Chairman of the Deposit Insurance Corporation (LPS) Board of Commissioners indicated that the state budget (APBN) will continue to be utilised as a shock absorber against fluctuations in oil prices. “We will do the same in the second quarter and until the end of the year to ensure that domestic demand remains stable and our economy can still grow well,” Purbaya stated.