"Growth in Q3 and Q4 will be above 5.5 percent. I'm pushing toward 6 percent," Purbaya told reporters at the Finance Ministry office in Jakarta on Tuesday.
To achieve the target, Purbaya said the government plans to roll out incentives for the purchase of electric vehicles (EVs), targeting 100,000 electric cars and 100,000 electric motorcycles.
For electric motorcycles, the government has allocated Rp5 million per unit. Meanwhile, incentives for electric cars will take the form of government-borne Value Added Tax (VAT) incentives ranging from 40 to 100 percent for EV purchases, depending on the battery type used.
The VAT incentives will apply exclusively to fully electric vehicles and will not include hybrid vehicles. The amount of the incentive will depend on the type of battery used, categorized into nickel-based and non-nickel batteries.
The incentives would apply only to fully electric vehicles and exclude hybrid models. Purbaya said the government aims to implement the policy from June 2026.
Purbaya also said the government would engage export-oriented sectors, including textiles, furniture, and footwear, to discuss the financing access needed by those industries.
"I will call another meeting soon so they can get better and cheaper financing access. I can channel support through the Indonesian Export Financing Agency (LPEI). There is actually a lot of idle funding there," Purbaya explained.
He added that the government was considering further measures to support lending to the real sector, including potential liquidity injections into banks.
"Moreover, the banks are now under Danantara, aren't they? A single command, right? If necessary, we will propose policies in that direction. But that's not all. What I am doing is not forcing banks to lend, but ensuring that the invisible hand works in the financial sector," he said.
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Translator: Imamatul Silfia, Kuntum Khaira
Editor: Azis Kurmala
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