Indonesian Political, Business & Finance News

Purbaya: Optimising Policies to Drive 6 Percent Economic Growth

| Source: ANTARA_ID Translated from Indonesian | Economy
Purbaya: Optimising Policies to Drive 6 Percent Economic Growth
Image: ANTARA_ID

Jakarta (ANTARA) - Finance Minister Purbaya Yudhi Sadewa believes that optimising the government’s strategic policies can drive even higher economic growth this year, with hopes of reaching 6 percent.

This follows the Central Statistics Agency (BPS) reporting Indonesia’s economic growth performance in the first quarter of 2026 at 5.61 percent (year-on-year/yoy).

“We are doing this to maximise the growth momentum so that it does not change or improves going forward. We are implementing policies as optimally as possible so that we can continue to grow towards 6 percent this year,” said Finance Minister Purbaya during the APBN KiTa press conference in Jakarta on Tuesday.

The State Treasurer assessed that national economic growth in the first quarter of 2026 is progressing alongside growth in various economic sectors in general.

From the demand side, economic activity is predominantly driven by accelerated government spending, as well as increased household consumption and investment supported by the acceleration of various Danantara projects.

“In my view, we maximise the 5.61 percent. This figure is just as good as manufacturing, which grew by 5.04 percent, higher than previous quarters. The trade sector related to retail and purchasing power (is also rising),” said Purbaya.

“Household consumption grew by 5.52 percent, which is very significant; previously it was 4.9 percent, now 5.5 percent, and its contribution to the economy is 54.36 percent. This shows that people’s purchasing power is improving,” he added.

“Later, we will think about stimuli for the housing sector to grow faster. I met Mrs Kiki (OJK Commissioner Chair Friderica Widyasari Dewi), who said that SLIK (Financial Information Service System) below Rp1 million has been cleared, so there are tens of millions of people who can borrow again in the housing sector,” said Purbaya.

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