Indonesia Finance Minister Sadewa: Our economy is strong, no crisis signal

Indonesian Finance Minister Purbaya Yudhi Sadewa made an important statement to alleviate public concerns regarding the economic situation, emphasizing in clear terms that the country's economy is not being dragged into a crisis. In his assessment, the Minister stated that despite fluctuations in international markets and global uncertainties, Indonesia's economic structure retains its resilience and fundamental indicators remain healthy. He expressed that macroeconomic data under the government's control does not support scenarios of a collapse or crisis entering, countering market speculations and negative expectations. Conveying a message of confidence, Minister Sadewa informed the public that the economy is not limited to the current situation, but future projections also follow a stable course.

The State Budget (APBN) is highlighted as one of the most fundamental bases supporting this healthy economic outlook, with emphasis that budget discipline and the quality of fiscal management are the main elements ensuring economic stability. It was announced that by keeping budget deficits under control and managing revenues in line with realistic estimates, the state's financial obligations do not place extra pressure on the economy, and the public's capacity to provide financing remains strong. It was noted that the measures taken by the government within the framework of the budget law serve as an economic buffer against possible external shocks, thus sustaining fiscal balance without disruption.

The fact that inflation rates are moving within targeted limits was highlighted by Minister Sadewa as another strong element; it was stated that monetary and fiscal policies are carried out in a coordinated manner to ensure price stability. It was expressed that price increases are closely monitored to protect consumer purchasing power, and market intervention mechanisms are deployed when deemed necessary. It was conveyed that as a result of harmonious work with the Central Bank, keeping inflation at a reasonable level is critically important for the sustainability of economic growth, thus preserving the vitality of economic activity.

Minister's remarks also touched upon the debt ratio, another important financial indicator, sharing information that the ratio of the state's total debt to gross domestic product is at reasonable and safe levels. It was emphasized that Indonesia's debt management strategy is based on sustainable principles and that the growth rate of the debt stock is balanced with the economic growth rate. It was explained that the positive outlook of international credit rating institutions towards Indonesia and the country's debt service capacity are effective in maintaining financial credibility, and that borrowing has not reached levels that would create risk.

In conclusion, the Finance Minister reiterated that when all these economic indicators are evaluated together, Indonesia presents a different picture from similar economic crisis scenarios experienced in other countries and that the fundamentals of the economy are solid. By assuring domestic and foreign investors, he announced to the public that the economy is not evolving towards a crisis; on the contrary, it is resilient against possible risks thanks to strong fiscal policies and solid structural features.