Jakarta – Trimegah Securities Chief Economist Fakhrul Fulvian believes that 2026 will be a golden opportunity for the Indonesian economy.
“With stronger coordination between fiscal authorities and the government, Indonesia has a significant opportunity to improve economic stability and growth,” he said.
Fakhrul believes that more measured coordination between fiscal and economic policies will enable the Indonesian economy to develop more synchronously and stably than in previous years.
Although the business world still faces challenges due to global economic uncertainty, Fakhrul reminded the government to not only provide space for the private sector, but also to play an active role in taking economic risks.
By sharing responsibilities, it is hoped that economic recovery will be more equitable and not solely reliant on the private sector.
“2026 must be a year of implementation, not just talk. The success of economic policies must be measured by the real impact felt by the public, not just optimistic predictions,” Fakhrul emphasized.
Fakhrul also stated that Indonesia’s 2026 economic growth target, estimated at 5.4–5.6 percent, is very realistic and achievable with the right policies.
However, he emphasized the importance of the government continuing to encourage the private sector to play a more active role and to be willing to share risks with the business world to ensure economic growth is maintained.
One thing that needs to be considered is the flow of financing in the real sector, which has been hampered by banking caution in distributing credit.
To encourage the banking sector to be more willing to disburse funds, Fakhrul suggested the use of instruments such as credit guarantees and credit insurance. This, he argued, would provide assurance that banks would be more willing to provide financing to businesses.
Fakhrul also reminded the banking sector to stop adopting an overly defensive approach, given that the Indonesian economy has grown rapidly over the past decade and needs to adapt to these changes.
He added that accelerating state spending must also be a key government priority. By accelerating state spending, economic recovery can be accelerated, avoiding a back-loading pattern that hampers business optimism.
In addition, the government is also urged to expedite payment of obligations to business actors, especially in the construction and infrastructure sectors, to improve cash flow and strengthen business confidence.
The biggest challenge facing Indonesia in 2026 will be how to maintain people’s purchasing power amid global economic uncertainty. Fakhrul also emphasized the importance of strengthening domestic economic capacity and focusing more on opportunities outside major cities.
With the policy of equitable development, economic opportunities are now increasingly open in areas with great potential.
Fakhrul also urged the government to remain pragmatic in navigating global geopolitical dynamics, focusing more on more sustainable domestic economic resilience. Meanwhile, efforts to eradicate corruption must continue to be encouraged to ensure economic growth under more transparent and stable governance.
With these strategic steps, Fakhrul is confident that 2026 could be a turning point for Indonesia towards a more sustainable and competitive economic recovery.