Purbaya: New Economic Growth Engine Is Being Warmed Up
Finance Minister Purbaya Yudhi Sadewa is optimistic that Indonesia’s economy can grow by 8 per cent. The reason, he said, is that it is supported by the strengthening of national economic foundations, bureaucratic fiscal reform, and the increasing role of the private sector and investment in driving economic activity.
At the 2026 Science, Technology, and Industry Convention at the Jakarta Convention Center, Purbaya said the Indonesian economy could still grow by 5.61 per cent even when global conditions were in turmoil.
‘When the world was in turmoil, we could still grow by 5.61 per cent. This means the new economic growth engine is just being warmed up,’ Purbaya said in a press release on Sunday, 28 June 2026.
According to Purbaya, one of the economic growth engines being continuously pushed is institutions under the Ministry of Finance, such as the Indonesia Eximbank (LPEI), which can become a driving force for exports.
He said the Ministry of Finance, through LPEI, provides an Economic Zone Financing Programme for exporting SMEs. The programme offers a maximum financing interest rate of 6 per cent per year, which can even reach 4 per cent to support growth.
Purbaya assessed that economic growth can be accelerated gradually, starting by bringing the economic pace towards the 6 per cent range, then continuing to increase as the investment climate, exports, and national productivity improve. This target is realistic if all fiscal, monetary, and real sector policy instruments run in harmony.
He said this can be seen from the economic recovery momentum since late 2025, strengthened by various government policies focused on increasing liquidity, investment, public consumption, and accelerating state spending.
Furthermore, one of the Ministry of Finance’s efforts to support the pace of economic growth is through fiscal reform, particularly in the areas of taxation and customs, which is believed to strengthen state revenue while creating greater fiscal space to support development.