JAKARTA – The government has reaffirmed its commitment to maintaining national economic stability throughout 2026 amidst global dynamics and uncertainty. 2026 is considered a crucial year for the Indonesian economy, as policy coordination between the government and fiscal authorities strengthens. This synchronization provides a strong foundation for implementing more effective, measurable economic policies with a direct impact on the public.
Trimegah Sekuritas Indonesia Chief Economist, Fakhrul Fulvian, assessed that the government’s economic policy direction in 2026 indicates more mature preparedness.
“For the first time, we’re seeing clearer and more cohesive coordination between fiscal policy and government direction, allowing economic policy to be more synchronized than in previous years,” he said.
Amidst challenging global conditions, the government is seen as taking an active role as a key driver of the national economy. Fakhrul emphasized that the state’s presence is crucial to maintaining growth momentum.
“The government cannot simply provide space for the private sector; it must be actively present and boldly take on a role to ensure balanced growth,” he said.
The 2026 national economic growth target of 5.4 to 5.6 percent is considered realistic and reflects measured optimism. According to Fakhrul, the government has prepared various policy instruments to achieve this target.
“This figure is very achievable as long as the government continues to share its role with the private sector and ensures that the burden of growth is not borne by just one party,” he said.
The role of the financial sector is also a key focus. Risk-sharing schemes between the government and banks, including through credit guarantees and insurance, are considered capable of encouraging financing to the real sector.
“Bank liquidity is essentially available. With government support, the flow of credit to the business sector will be smoother and more productive,” said Fakhrul.
Furthermore, accelerating state spending since the beginning of the year is seen as a strategic step to maintain business confidence and strengthen public purchasing power. The government is also directed to expedite payments to businesses, particularly in the construction and infrastructure sectors, to ensure the sustainability of economic activity in various regions.
In the face of global geopolitical changes, the government has adopted a pragmatic approach, prioritizing domestic economic resilience. Economic recovery is projected to strengthen in the regions, particularly commodity-based regions and those supported by government spending.
“Going forward, growth opportunities will be even greater in the regions, in line with equitable development,” said Fakhrul.
He also urged the public to remain optimistic and calm. “The national economy remains well-maintained. With appropriate policies and consistent execution, Indonesia’s economic stability and growth will continue to strengthen sustainably,” he concluded.