By: Budiman Aktuari
In recent times, a narrative has emerged suggesting that Indonesia is heading into a “dark period,” citing the weakening of the rupiah, global external pressures, and concerns over the national economic direction. However, this pessimistic narrative lacks objective data. On the contrary, the Indonesian government has consistently responded to these challenges with measurable achievements—particularly in maintaining economic resilience, fiscal stability, and optimism in pursuit of the Golden Indonesia 2045 vision.
The government’s performance in maintaining economic stability is evident through strong and resilient macroeconomic indicators. Coordinating Minister for Economic Affairs, Airlangga Hartarto, noted that Indonesia’s foreign exchange reserves currently exceed USD 156 billion—enough to cover seven months of imports and repay all short-term external debt. This is a strong signal that the foundations of Indonesia’s economy remain healthy and far from crisis.
The policy mandating the onshore retention of export earnings (DHE) is a strategic step that deserves recognition. It not only strengthens the rupiah against the US dollar, but also increases domestic liquidity and reinforces overall monetary stability. The government and Bank Indonesia have responded promptly, implementing measured interventions in the foreign exchange market, ensuring that currency fluctuations remain within reasonable bounds and pose no systemic risk.
Airlangga also stressed that exchange rate fluctuations are part of inevitable global dynamics. Nevertheless, Indonesia continues to demonstrate resilience and maintains investor confidence. Amid a volatile global landscape—ranging from U.S. interest rate hikes to geopolitical tensions—Indonesia has remained steady and offers assurance to the business community.
This is in line with Finance Minister Sri Mulyani Indrawati’s assertion that Indonesia’s economic strength is not a matter of chance but the result of long-term, well-crafted fundamental policies. Strengthening economic foundations, enhancing fiscal resilience, and implementing strategic programs have become key pillars of the nation’s pursuit of its grand vision—Indonesia Emas 2045.
The government’s focus on disciplined and accountable budget management has had a tangible impact. The state budget deficit remains within safe limits, the debt-to-GDP ratio is under control, and public spending is directed toward productive sectors such as infrastructure, education, and healthcare. While many developing countries face fiscal crises, Indonesia is recognized as one of the best-managed economies in the region.
Sri Mulyani also reminded that these achievements are not solely the result of government efforts, but a reflection of the collective spirit of gotong royong (mutual cooperation) among Indonesians. The success in maintaining economic and social stability would not be possible without the contributions of communities, businesses, academics, and all sectors of society working together.
Indonesia has also demonstrated maturity in its political and social resilience. Democratic processes are proceeding in accordance with the Constitution, and the transition of government is being carefully and peacefully planned. The government continues to engage in open dialogue with various societal groups and upholds freedom of expression within legal and ethical frameworks.
Despite these achievements, certain groups have propagated a bleak narrative about Indonesia’s future. The “Dark Indonesia” narrative, circulated through social media and street protests, is in fact a distortion of reality that threatens to undermine the spirit of nationalism and the hard work of millions of Indonesians. Criticism is valid in a democracy, but spreading fear without evidence is counterproductive to national development efforts.
The government has responded to these claims with facts, action, and achievements. While some voice doubt, the government delivers solutions. As global markets become volatile, the government offers stability. Where fear is spread, the government provides certainty.
As a great nation, Indonesia has repeatedly proven its ability to rise from crisis—be it the 1998 financial crisis, the 2008 global economic crisis, or the COVID-19 pandemic. Indonesia not only survived but emerged stronger. These experiences serve as vital assets in facing future challenges.
In an era of information overload and narratives that often stray from facts, the public must be smarter and more discerning in processing information. Do not be easily provoked by baseless “Dark Indonesia” claims. This country is not in darkness; on the contrary, Indonesia is steadily walking the path toward a brighter future.
The government’s accomplishments in maintaining economic stability, strengthening fiscal health, and implementing strategic programs demonstrate that this nation is moving forward. Let us protect our optimism, nurture unity, and support the collective effort toward a more advanced, just, and prosperous Indonesia.
Indonesia is not a failed state—it is a nation of hope, diligently working toward its rightful place among the great nations of the world.
*(The author is a Government Affairs Analyst at the Urban Catalyst Institute.)
