Purbaya projects Indonesia Q2 2026 economic growth up to 5.7%

Indonesia's Finance Minister Purbaya Yudhi Sadewa projects national economic growth of up to 5.7% in Q2 2026. He said the government has room to boost activity as the quarter is only in April. Purbaya made the comments in Jakarta on April 24, 2026.

Finance Minister Purbaya Yudhi Sadewa assured that the government will push economic growth to 5.7% in Q2 2026. "We will push towards there (5.7 percent). It's not even end of April yet. There's still May and June. Once April data is clear, we'll see and give another push to the economy," he said in South Jakarta on Friday, April 24, 2026.

Purbaya stated that rising commodity prices, including crude palm oil (CPO), will not necessarily slow the economy. The impact depends on the scale of increases and their effect on public activity. He pledged to coordinate with relevant ministers to prevent major pressures.

If growth slows, Purbaya is prepared to provide stimulus from various angles. "If it slows, I will give stimulus from various sides. Could be fixing and strengthening the cash money again, or others," he said. He also opened the possibility of accelerating ministry/institution (K/L) spending realization.

Overall, policies will consider public conditions in line with President Prabowo Subianto's directive to remain pro-people. The government will optimize programs for real economic impact.

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Finance Minister Purbaya Yudhi Sadewa assures fiscal safety and stable fuel prices at press conference.
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Finance minister assures fiscal safety amid global uncertainty

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Finance Minister Purbaya Yudhi Sadewa urged the public not to panic amid uncertain global conditions, assuring that fiscal and state revenue positions remain safe. He highlighted a Rp 420 trillion Saldo Anggaran Lebih (SAL) as a layered defense. The decision to hold subsidized fuel (BBM) prices steady until the end of 2026 follows direct instructions from President Prabowo Subianto.

The Indonesian government is optimistic that economic growth in the first quarter of 2026 will reach 5.5-6 percent, breaking the stagnant pattern around 5 percent. Finance Minister Purbaya Yudhi Sadewa stated this at the Indonesia Economic Outlook 2026 event in Jakarta.

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Finance Minister Purbaya Yudhi Sadewa is optimistic that the 2026 state budget deficit can be controlled due to January tax revenue growth of 30.8 percent. This achievement reached Rp116.2 trillion, or 4.9 percent of the budget target. The government's strategy emphasizes economic stimulus over tax rate increases.

Investment Minister Rosan Roeslani announced that downstream sector investment in the first quarter of 2026 reached Rp147.5 trillion, or 29.6 percent of the national total. This figure grew 8.2 percent year-on-year, led by nickel.

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Finance Minister Purbaya Yudhi Sadewa has denied rumors that state cash reserves are down to Rp120 trillion, reaffirming that the national budget remains adequate. He clarified that the amount is part of the government's Saldo Anggaran Lebih parked at Bank Indonesia. The government has injected portions into banking liquidity.

President Prabowo Subianto stated that the global crises occurring everywhere present opportunities for Indonesia to rise stronger. He emphasized that strong nations will survive while weak ones will suffer, while praising the Badan Pengelola Investasi Danantara's achievement of a 300 percent increase in return on assets in one year. Prabowo also warned his officials against submitting false reports.

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South Korea's real GDP jumped 1.7 percent in Q1 2026 from the prior quarter—the strongest growth in 5½ years—despite Middle East tensions, easily topping the Bank of Korea's 0.9 percent forecast on robust exports and steady domestic demand. Part of the rebound following 2025's modest 1% annual expansion (see prior article in series).

 

 

 

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