Purbaya: Indonesia Shifts Focus to More Productive Growth
Finance Minister Purbaya Yudhi Sadewa stated that Indonesia is shifting its development focus not only to maintain stability but also towards more productive growth, value-added, and the creation of quality jobs.
In an official statement received in Jakarta on Monday, 20 April 2026, Purbaya mentioned that this transformation is driven by three main pillars: investment, industrialisation, and productivity.
“We are promoting downstream industries, strengthening the manufacturing sector, and enhancing human resources and efficiency. Moving forward, Indonesia’s growth will not only be stable but also more productive and sustainable, as well as more diversified and resilient,” said Purbaya during the IMF-World Bank Spring Meeting agenda from 13-17 April in Washington, DC, United States.
In addition, Purbaya said that Indonesia’s current economic performance is relatively strong compared to other G20 countries and other developing nations. This is supported by solid growth, low inflation, and maintained deficits and debt ratios.
This resilience is inseparable from the role of the state budget (APBN) as a shock absorber in protecting people’s purchasing power. The Ministry of Finance is also maintaining fiscal discipline below the 3 percent deficit limit against gross domestic product (GDP).
“Indonesia will optimise the synergy of fiscal and monetary policies, as well as utilise the role of Danantara in mobilising investments outside the APBN,” said the State Treasurer.
Furthermore, at the IMFC Restricted Breakfast Meeting, Purbaya expressed optimism that Indonesia’s economy can achieve 5.4-6 percent growth in 2026, even amid global tensions.
This optimism is supported by the solid foundation of the national economy. While many countries are experiencing slowdowns, Indonesia’s economy still grew by 5.11 percent in 2025.
In addition, Indonesia’s trade balance still recorded a surplus of US$1.27 billion in February 2026, continuing the surplus trend for 70 consecutive months.
This positive performance is supported by strong household consumption, controlled inflation, maintained fiscal deficits, low debt-to-GDP ratio, and the sustainability of downstreaming policies.
Nevertheless, Purbaya emphasised that the government remains vigilant against global dynamics, including tensions in the Middle East that could potentially affect energy prices.
The government has already prioritised the formation of fiscal buffers to dampen price shocks and ensure the stability of subsidised fuel to protect people’s purchasing power.
In response, the government will also continue to promote state spending efficiency and accelerate long-term structural transformation, including through strengthening downstreaming programmes.