Based on the Indonesia Economic Outlook report released by the World Bank, Indonesia's economy is expected to grow by 5% this year (2024) and continue to expand by 5.1% in 2025, with sustained growth projected through 2026.
Despite the current global economic downturn accompanied by financial uncertainties and geopolitical turmoil, Indonesia's economic resilience remains well-maintained. This was conveyed through a written press release by the Coordinating Minister for Economic Affairs of the Republic of Indonesia, Airlangga Hartarto.
Indonesia's current economic achievements are inseparable from progress in several sectors, such as declining poverty and unemployment rates, a Consumer Confidence Index in the optimistic zone, and expansion levels in manufacturing activities.
The improvements are attributed to efforts to enhance the quality of economic growth with the primary goal of achieving the vision of Golden Indonesia 2045. Real actions in economic transformation include investment enhancement, equitable development, productivity increase, and empowerment of SMEs.
Hartarto also mentioned that the government is focused on projecting Indonesia's achievements by 2025 (Golden Indonesia 2045), with plans to adopt the theme "Accelerating Inclusive and Sustainable Economic Growth." Therefore, to achieve this theme, the Coordinating Ministry for Economic Affairs is promoting 73 work programs consisting of priority and regular fields.
In line with this, the elected President of the Republic of Indonesia, Prabowo Subianto, aims to increase the debt-to-GDP ratio from the previous 40% to 50% as part of fulfilling his campaign promises, according to VNEXPRESS International.
To maintain Indonesia's economic condition in the coming years, the government will consistently implement assessments and monitoring of potential future domestic economic fluctuations and issues synergizing with state revenue.
