Indonesian Political, Business & Finance News

Purbaya: Indonesian Economy Experiencing Acceleration But Unnoticed by Many

| | Source: KOMPAS Translated from Indonesian | Economy
Purbaya: Indonesian Economy Experiencing Acceleration But Unnoticed by Many
Image: KOMPAS

Finance Minister Purbaya Yudhi Sadewa explained that Indonesia’s economy is experiencing acceleration. However, many people are unaware of this. “Our economy is undergoing acceleration, which many people do not realise, leading them to become somewhat fearful and exit the capital markets,” Purbaya stated, quoted from Kompas.com on Tuesday (5/5/2026). “Our diversification will improve further in the future. Our prospects are good, so everyone should not be afraid,” Purbaya added. Additionally, President Prabowo conveyed to Purbaya that the state’s finances are sufficient. Thus, the public need not worry about the country’s financial condition. To strengthen the rupiah’s exchange rate, the government intends to issue bonds in China with lower interest rates. As a result, Indonesia will not depend on the US dollar. “To strengthen the exchange rate, we will also issue bonds in the form of Panda Bonds in China with lower interest rates, so we will not be too dependent on the dollar anymore,” he explained. The import-export sector and industry are running well. “In terms of exports and imports, it is also positive. In terms of business fields, the industrial sector, trade sector, government administration sector, other services, transportation and warehousing, agriculture, and construction are also running well,” explained Airlangga on Tuesday (5/5/2026).

View JSON | Print