"First, we see government spending will be positive. That's good. Secondly, we monitor investment, and it's going in according to plan. Third, the stimulus disbursed in the fourth quarter is nearing US$2 billion, about Rp30 trillion. Of course, it's really helpful," Hartarto said here on Tuesday.
The statement followed a meeting attended by President Prabowo Subianto, several ministers, and prominent investor Ray Dalio.
"(According to) Mr. President's directive, we will also evaluate until October, and hopefully there are still more stimulus measures we can roll out, including toward Christmas and New Year, as well as other stimulus being considered by the government," he added.
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On September 15, Hartarto and Finance Minister Purbaya Yudhi Sadewa announced the 2025 Economic Package Program, comprising eight programs for 2025, four for 2026, and five employment schemes.
Among the eight programs for 2025 are internships for university graduates, income tax relief for tourism sector workers, and food aid consisting of 10 kg of rice and 2 liters of cooking oil for beneficiaries during the October–November period.
Moreover, housing aid from the Employment Social Security Agency (BPJS Ketenagakerjaan) includes the relaxation of creditor information requirements by the Financial Services Authority and a reduction in credit interest rates for developers.
Other assistance includes wage support from the Transportation Ministry and the Public Works Ministry for labor-intensive sectors.
There are also programs for housing quality improvement, a marketing platform for micro, small, and medium enterprises (MSMEs), and another platform for gig economy workers.
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Translator: Genta Tenri Mawangi/Mentari Dwi Gayati, Mecca Yumn
Editor: M Razi Rahman
Copyright © ANTARA 2025
