Purbaya's Push to Accelerate Economy for Rapid Growth in 2026

Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa admitted that he has had to vigorously push ministries and institutions to accelerate state spending in 2026. This acceleration of state spending is intended as a stimulus to drive economic growth.

He stated that this method has proven effective, with state spending growing rapidly since the first quarter of 2026, achieving 31.4% growth valued at Rp 815 trillion. In contrast, in the first quarter of 2025, it grew by only 1.4% to Rp 620.3 trillion.

“What was inefficient, we made more effective, pushing here and there, as a result, government spending grew much faster than last year by 30%, and taxes also grew by more than 20%. This means economic activity has truly improved,” said Purbaya at his office in Jakarta on Thursday (9/4/2026).

Purbaya explained that with this method, Indonesia’s economic growth rate will align with the 2026 state budget target of 5.4% or higher. He noted that in the first quarter of 2026, the economy is expected to grow in the upper range of 5.5-5.6%, and this will continue into the second quarter of 2026, although he has not yet disclosed the projection.

“Now everywhere is congested, everyone is spending. So there is indeed an economic design that makes the economy grow faster. It’s not just because of Eid,” Purbaya emphasised.

According to him, with the government’s increasingly proactive performance in optimising state spending as an economic stimulus, it will also revive optimism among business actors to continue driving the wheels of the economy.

“I think if it’s above 5.5%, it’s clear that we have truly turned the economy around. I hope that changes the sentiment among business actors, and we are confident that with the current development design, growth should be even faster going forward,” he added.