Enviro News Asia, Jakarta – Amid the challenges arising from the ongoing trade war between the United States and China, Indonesia’s Deputy Minister of Finance, Thomas Djiwandono, affirmed the country’s optimism, demonstrated by its solid fiscal performance. He made this statement during his keynote speech at the HSBC Summit 2025 on Tuesday (April 22) in Jakarta.
In his official statement, he reported that as of March 31, 2025, the State Budget (APBN) had recorded state revenue of IDR 516.1 trillion, or 17.2% of the target. Meanwhile, government spending reached IDR 620 trillion, or 17.1% of the allocated budget—almost double the previous month’s total spending of IDR 348.1 trillion. The budget deficit stood at 0.43% of GDP, indicating prudent fiscal management.
“This performance reflects careful financial planning and responsive budget execution in navigating economic dynamics. The government has adapted swiftly to global challenges,” he said.
Furthermore, he noted that Indonesia’s economic growth in 2024 reached 5.03%, with GDP growing by 5.02% (year-on-year) in the fourth quarter of 2024. This growth was driven by strong household consumption and positive momentum in the manufacturing sector. Inflation remained under control at 1.03% (year-on-year) in March 2025, and Indonesia’s trade surplus has continued for 59 consecutive months since May 2020.
“Amid global uncertainty, Indonesia has demonstrated relatively healthy economic performance with a growth rate of 5.03% in 2024,” said Deputy Minister Thomas Djiwandono.
The Indonesian government remains committed to maintaining macroeconomic stability and advancing structural reforms. According to Deputy Minister Thomas, the 2025 State Budget will focus on increasing state revenues, optimizing spending efficiency, and supporting priority programs such as the free nutritious meal program and rural cooperatives.
“In the short term, fiscal policy will be geared toward sustaining the momentum of key government programs like the free nutritious meal program and rural cooperatives,” he explained.
The government is also prioritizing the development of human resources, as well as food, energy, and water security, alongside downstreaming of commodities to drive long-term economic growth.
“Under President Prabowo’s administration, human resource development is a top priority—especially in education and health—to lay the foundation for sustainable and inclusive growth,” concluded Deputy Minister Thomas Djiwandono.
