The Government Strengthens Purchasing Power Through Economic Stimulus, a Realization of the Spirit of the 2025 Youth Pledge
Jakarta — The government continues to strengthen the foundations of the national economy through various stimulus measures aimed at maintaining public purchasing power. This measure reflects the spirit of the Youth Pledge, which emphasized the importance of mutual cooperation and collective optimism in facing economic challenges.
The property sector is one indicator of economic resilience amidst purchasing power pressures and social dynamics leading up to the end of the third quarter of 2025. Based on data from the Pinhome Home Sell Index (PHSI) and the Pinhome Home Rental Index (PHRI), property markets in several cities continue to show positive movement. Mid- to low-end housing is the main driver due to high demand from first-time home buyers.
Pinhome CEO & Founder, Dayu Dara Permata, believes this stability is inseparable from the government and monetary authorities’ consistent policies in maintaining market balance.
“Policies such as interest rate cuts and VAT incentives are key pillars of market stability, especially in the lower-middle segment,” he said.
He noted that several areas have even seen house price increases thanks to infrastructure projects and land development. In South and North Jakarta, prices have risen by 3%, while in Semarang and Padang, they have grown by 2–4% due to industrial area expansion and toll road construction.
Although corrections have occurred in some regions, the national market remains stable with the potential for recovery by the end of the year.
Bank Indonesia (BI) also observed a similar positive trend. Juli Budi Winantya, Head of the BI Economic and Monetary Policy Department, explained that economic growth in the third quarter was driven by exports and government spending.
“The latest data shows that commodities like palm oil and steel are still experiencing strong growth, particularly to India and China. Government spending is also contributing to stronger domestic demand,” he explained.
Juli added that the additional social assistance that will be distributed in the fourth quarter is expected to strengthen public consumption.
Meanwhile, from the monetary side, loose interest rate and liquidity policies help maintain market confidence.
“For 2025 as a whole, we estimate economic growth will be slightly above the midpoint of the 4.6 to 5.4 percent range,” he said.
The consolidation between fiscal and monetary policies shows that the collaborative spirit inherited from the youth of 1928 is now alive in modern economic development strategies.
Through collaboration between the government, businesses, and the public, Indonesia is making steady progress toward strengthening purchasing power and national economic independence.
