The Indonesian Post
The government aims for an economic growth rate of 5.2 percent by 2025, in accordance with the 2025 State Budget (APBN). To achieve this target, various economic stimuli have been prepared since the first quarter of this year. Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the government will continue to implement policies that promote economic activity. "These policies include the HKBN stimulus program, the continuation of initiatives during Ramadan and Idulfitri, toll rate discounts, food price stabilization, and various incentives for the property sector, electric vehicles, and labor-intensive industries," said Airlangga at the Ministry of Economic Affairs office on Wednesday (February 5). The government will also maintain the Free Nutritious Meals program and enhance the distribution of People's Business Credit (KUR). This initiative is expected to strengthen the purchasing power of the public and support small and medium enterprises. Additionally, a long-term strategy has been developed to sustain competitiveness and facilitate the transformation of the national economy. Several other strategic measures have been undertaken to reinforce economic fundamentals, including regulatory revisions to improve the ease of doing business, policies for the domestic storage of foreign exchange from natural resource exports, and the launch of a Bullion Bank by the end of February 2025. In the realm of international cooperation, Indonesia is actively expanding its global economic relationships. "Indonesia is also broadening its international collaborations, such as the completion of the EU-CEPA, membership in BRICS, and preparations for OECD membership, which is targeted for April 2025," Airlangga added.