World Haunted by Crisis but Indonesia Confident in 6% Economic Growth, Purbaya Reveals the Strategy
Jakarta, CNBC Indonesia - The government is confident that Indonesia’s economic growth can still reach 6% this year, even as the world is haunted by crises amid the emergence of energy emergencies in various countries.
Finance Minister Purbaya Yudhi Sadewa stated that the government has several strategies to keep growth accelerating above 5%, despite the war in the Middle East between Iran, Israel, and the United States (US) disrupting global energy prices and supplies.
These strategies include focusing fiscal and monetary policies simultaneously to stimulate business activity. This means government spending will be intensive, and the BI Rate benchmark interest rate will be accommodative.
“Growing 6% should not be too difficult. Above the book, yes, but in the field, we need pushes like others so it can go even faster. But clearly, those engines have already been started,” Purbaya said at his office in Jakarta on Friday (27/3/2026).
“So it’s almost certain we are not heading towards recession, let alone crisis,” Purbaya emphasised.
Therefore, Purbaya assured that amid the current period of global economic pressure, the government will focus on disbursing state spending on time, as a driver of domestic economic activity. While continuously improving the business climate and ensuring economic liquidity is maintained.
“I assure you the liquidity of the economic system is sufficient. I assure you government spending is on time. I strive to improve the business climate as optimally as possible,” he explained.
From various key economic indicators, such as the consumer confidence index, Purchasing Managers’ Index (PMI) for manufacturing, to motorbike and car sales data, Purbaya assessed that Indonesia’s economic condition remains on track towards growth.
“In my view, above 5.5% is already good in the current situation. If it’s higher than 5.5%, then we’ll celebrate as I promised yesterday. So it’s not that I’m optimistic, I’m looking at the data,” Purbaya stated.
“And I know what I’ve put into the economic system to make the economy move. Those data are the impact of the policies behind that you don’t understand,” he asserted.