Jakarta – Amidst increasingly challenging global economic pressures, Indonesia continues to demonstrate strong economic resilience and stable growth. The stability of Indonesia’s financial system in the first quarter of 2025 remains solid amid increasing uncertainty in the global economy and financial markets due to the escalation of the trade war triggered by the United States’ tariff policy.
Minister of Finance (Menkeu), Sri Mulyani Indrawati said that the Financial System Stability Committee (KSSK) consisting of the Ministry of Finance, Bank Indonesia, the Financial Services Authority (OJK), and the Deposit Insurance Corporation (LPS) continues to strengthen collaboration to maintain the resilience of the Indonesian economy.
“The (KSSK) meeting agreed to continue to increase vigilance and strengthen coordination and policies from KSSK member institutions in an effort to mitigate the potential impact of global risk factor spillovers and at the same time increase efforts to strengthen the domestic economy and financial sector,” explained the Minister of Finance.
The Minister of Finance stated that Indonesia will continue to increase vigilance in facing the dynamics of the global economy. Fiscal and monetary policies will also continue to be aligned to strengthen domestic demand.
The Minister of Finance also said that Indonesia is expected to be able to control the negative impacts of global uncertainty and maintain the stability of the financial system. As well as maintaining the momentum of economic growth.
“In the future, the Indonesian economy will have the opportunity to continue to grow sustainably,” said the Minister of Finance.
The main sectors driving national growth such as the manufacturing industry, services, agriculture, and mining have shown positive performance that contributes to gross domestic product (GDP). On the other hand, domestic demand continues to grow along with increasing community mobility and solid investment performance, especially in the infrastructure and renewable energy sectors.
Deputy for Macro Planning and Development of Bappenas, Eka Chandra Buana, said that the target for national economic growth in 2026 is set between 5.8 percent and 6.3 percent.
“In this context, the government is targeting growth in public consumption in the range of 5.5 percent to 5.8 percent, government consumption between 6.8 percent to 8 percent, and investment between 6.2 percent to 7.2 percent.” said Eka.
As for the international trade sector, the industrialization strategy will continue to be pushed so that Indonesia can increase exports of medium to high-tech products. The goal is to keep the balance of payments in surplus with foreign exchange reserves reaching USD 171 billion, which is enough to finance six months of imports. The solid performance of the Indonesian economy amidst the global downturn is a reflection of the resilience and adaptability that continues to be improved.
