Jakarta, hitclubapk3 Indonesia
—
Minister of Finance
(Minister of Finance)
Ancient
Yudhi Sadewa said
economy
Indonesia slowed down earlier this year due to mismanagement.
According to Purbaya, the economic slowdown occurred from January 2025 to August 2025. Meanwhile, he was just appointed by President Prabowo Subianto as finance minister to replace Sri Mulyani on September 8 2025.
“So, if you look at it from here, our economic slowdown throughout perhaps the first eight months of this year was not just global. Maybe it wasn’t global, maybe it was because of internal mismanagement which we have corrected,” said Purbaya at a Working Meeting (Raker) with Commission XI of the DPR RI in Central Jakarta, Thursday (27/11).
ADVERTISEMENT
SCROLL TO CONTINUE WITH CONTENT
Purbaya then dissected economic growth data originating from expenditure components, one of which was government consumption.He noted that government spending contracted in two quarters, namely -1.37 percent in the first quarter of 2025 and -0.33 percent in the second quarter of 2025.
In the end, the Indonesian economy in the first quarter of 2025 was only able to grow 4.87 percent on an annual basis.Indonesia’s economic growth then rose to 5.12 percent
year on year
(yoy) in the next quarter and grew 5.04 percent annually.
“The third quarter (2025) is now growing positively at 5.5 percent. So, in the first two quarters of this year the government’s spending was slow, which slowed down our economic growth,” said Minister of Finance Purbaya.
“We will improve this and in the future I guarantee that in the first quarter of next year (2026) we will continue to grow (government consumption). We will prevent late spending from the government so that the boost to the economy will remain strong,” promised the minister.
Deputy Minister of Finance (Wamenkeu) Suahasil Nazara then explained why ministry/institution (K/L) spending was slow in early 2025. He touched on Presidential Instruction (Inpres) Number 1 of 2025 regarding budget efficiency.
“Where we carried out efficiency and reserves in February (2025). And because of that only starting in March we implemented budget blocking, starting in April opening, relocating, and so on. So spending on goods, especially, only started from April-May, and continued to increase in July, August, September, October,” explained Suahasil.
“We encourage every K/L to complete goods spending according to their budget so that it can have a positive effect on growth. This spending pattern, as usual, will be high in October, November and December,” he added.
[Gambas:hitclubapk3 Video]
(skt/dhf)
Read More: Take a peek at Deepal SO7’s new electric SUV battery
Read More: Police regarding allegations that Arya Daru checked in 24 times: Is the family ready?
