"We are optimistic that economic growth can be maintained in 2023 and will certainly become the recovery momentum," he told a press conference in Jakarta on Friday.
The economy, in the future, is estimated to remain strong, supported by several positive economic indicators.
These include the Consumer Trust Index (IKK), which is still above 100 and reflects people’s optimism. It reached a level of 123.3 in March 2023.
Further, the country’s manufacturing Purchasing Managers' Index (PMI) climbed to 52.7 in April from the previous level of 51.9.
"We also managed to reduce annual inflation to 4.33 percent in April from 4.97 percent in March," he added.
"The action from the Central Inflation Control Team (TPIP) undertaken with BI (Bank Indonesia) certainly provided positive results, especially during Ramadhan and Eid al-Fitr," he added.
Externally, ongoing transactions have still recorded a surplus, with foreign exchange reserves reaching US$145.2 billion and the trade balance recording a surplus for 35 months in a row.
To achieve the economic growth target, the government will revise a regulation to keep export proceeds (DHE) inside the country.
"We need the regulation because the United States is still increasing its benchmark interest rate," he explained.
"If we do not take this step, this may trigger capital flight, which would affect rupiah stability. Thus, the DHE regulation's revision will be introduced in the near future," he explained.
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Translator: Sanya Dinda S, Fadhli Ruhman
Editor: Anton Santoso
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