By: Surya Atma Putra )*
The Indonesian government continues to show its seriousness in maintaining the momentum of national economic growth. Throughout the first quarter of 2025, various strategic policies were launched, all based on the spirit of providing direct benefits to the people. The government does not just talk in a macro framework, but strives to ensure that every policy step touches the real lives of the people.
Under the coordination of the Coordinating Ministry for Economic Affairs, the government has prepared a number of stimulus programs to achieve the set growth targets. The Coordinating Minister for Economic Affairs, Airlangga Hartarto, on various occasions explained that the government is focusing on implementing various stimuli during the Ramadan and Eid periods. The stimulus includes discounts on airline tickets, discounts on toll rates, and the reactivation of national online shopping programs such as Harbolnas, EPIC Sales, and BINA Diskon. All of this aims to encourage the circulation of the people’s economy through domestic consumption.
Furthermore, the government also provides incentives to sectors that are considered to have a dual effect on the national economy, such as the property sector, electric vehicles, and labor-intensive industries. This policy was taken with the consideration that these sectors have the ability to absorb a large number of workers while simultaneously encouraging the competitiveness of the domestic industry.
Fiscal policy is also strengthened by the presence of Income Tax (PPh) Article 21 incentives Borne by the Government (DTP), as stipulated in the Regulation of the Minister of Finance Number 10 of 2025. This step is believed to be able to provide wider room for the community, especially formal workers, so that purchasing power is maintained amidst the global situation that has not fully recovered. The government has high hopes for household consumption as the main driver of national economic growth.
In addition, the Value Added Tax incentive Borne by the Government (PPN DTP) has also been extended until 2025 for houses with a maximum value of IDR 2 billion. This scheme provides opportunities for the community to access more affordable housing, while also reviving the property sector. On the other hand, Bank Indonesia’s decision to lower the benchmark interest rate to 5.75% is an ideal complement to this fiscal policy.
The positive impact of this policy is starting to be felt in the field. Marketing Director Regional 2 Agung Podomoro Land, Zaldy Wihardja, in various forums said that the combination of fiscal incentives and monetary stimulus provides a significant boost to public interest in buying property. He views that this strategy not only strengthens purchasing power, but also revives the property sector as one of the important pillars of the national economy.
For example, the Kota Podomoro Tenjo project showed a positive trend throughout 2024, with sales of more than 1,000 residential units and shophouses. Since its launch in 2020, this project has recorded sales of more than 6,600 units. Around 3,600 units have been handed over, and 1,000 consumers have signed the Deed of Sale and Purchase (AJB). Seeing this trend, the developer is optimistic that the sales target in 2025 will increase, thanks to the support of increasingly conducive government policies.
Not only stopping at the industrial and property sectors, the incentive policy also reaches the social and entertainment sectors. The DKI Jakarta Provincial Government, for example, provides entertainment tax relief to the Persija Jakarta football club. The Governor of DKI Jakarta, Pramono Anung, emphasized that this policy was taken as a form of support for the sports sector and an effort to increase local economic turnover. Tax relief of up to 60 percent was given specifically for Persija matches held in Jakarta, with the aim of attracting more spectators and driving the informal sector economy around the stadium.
Another step that continues to be maintained is the free nutritious meal program, which is considered not only important in overcoming the problem of stunting, but also a real form of the state’s presence in guaranteeing the basic needs of the community. The government realizes that the quality of human resources is the main key in building long-term economic resilience.
The distribution of People’s Business Credit (KUR) also continues to be increased. By expanding access to financing, MSMEs are expected to continue to grow and create new jobs. The government realizes that the people’s economy can only be realized if small business actors receive concrete support in the form of capital and coaching.
Not only relying on domestic policies, the government also shows firmness in responding to global dynamics by strengthening strategic economic instruments. Steps such as revising regulations for the futurebranch business, foreign exchange storage policy from natural resource exports, to the launch of Bullion Bank at the end of February 2025 shows the government’s seriousness in expanding the foundation of the national economy.
All of these policies are designed with a comprehensive and holistic approach. The government does not rely solely on one instrument, but combines fiscal, monetary policies, and sectoral policy support that strengthen each other. The goal is clear: to ensure that economic growth is not only recorded in statistics, but is truly felt by the wider community.
With a strategy that continues to be refined and an increasingly real commitment to the people, the government proves that economic success does not belong to a handful of groups. But rather a collective process, where the state is present as the main driver in order to realize shared prosperity.
)* Author of Dunia Ekonomi
