Jakarta — 2026 is considered a crucial year for the national economy. No longer merely a planning phase or policy discourse, next year is emphasized as a year of execution, demanding tangible and measurable results on the ground. The success of economic policies cannot be judged solely by optimistic statements, but must be reflected in the real conditions directly experienced by the public and the business world.
Trimegah Sekuritas Indonesia’s Chief Economist, Fakhrul Fulvian, emphasized that the primary focus of economic policy in 2026 must be on concrete implementation. According to him, the public is now awaiting the tangible impact of the various government programs that have been designed. “2026 is the year of execution. The success of policies must be measured by their impact on the ground, not just by optimistic narratives,” he said.
One of the main keys to this success, Fakhrul continued, is the acceleration of state spending realization since the beginning of the year. He believes that a pattern of back-loading spending at the end of the year risks lowering business expectations and holding back economic growth. Rapid and equitable government spending will be a strong signal for the private sector to join in and expand.
From a financing perspective, Fakhrul explained that banking liquidity is readily available. However, credit distribution remains hampered due to excessive caution in risk-taking. In this context, an active government role is deemed crucial in sharing some of the risk to ensure the smooth flow of funds to the public and businesses. This step is considered strategic for reviving the economy, particularly the productive sector.
According to Fakhrul, the main economic challenge in 2026 will be the ability to adapt to increasingly uncertain global economic changes. Amid geopolitical pressures and a global slowdown, maintaining public purchasing power is a key priority to ensure domestic consumption remains a pillar of national growth.
He also projected that economic recovery would be felt first in the regions, particularly commodity-based areas and those receiving government spending support. This aligns with the increasingly robust policy direction of equitable development, while also opening up new growth opportunities outside of major cities.
Fakhrul emphasized the importance of a pragmatic approach in navigating global geopolitical dynamics. Indonesia must be aware of its position and prioritize national economic resilience, rather than chasing increasingly unpredictable global economic cycles. This strategy is considered more realistic and sustainable.
Fakhrul urged the public to remain cautious but not panic in responding to the economic situation. He encouraged them to start looking at business opportunities in the regions as development policies shift. At the same time, efforts to eradicate corruption must continue, but must be accompanied by encouraging economic activity to ensure growth is driven by cleaner and more sustainable governance.
With a combination of consistent policy execution, rapid government spending, and the courage to take strategic steps, the economy is expected to move more solidly and inclusively by 2026, providing tangible benefits to the wider community.