Story perspectives

Indonesia's President Aims for 8% Growth Amid Turmoil

9/20/2025

36 3

Summary

Story summary

Indonesia's President Prabowo Subianto, in office since October 2024, targets 8% economic growth amid investor concerns and protests over living costs.
He appointed Purbaya Yudhi Sadewa as finance minister, who has launched a $12 billion bank stimulus.
The government struggles to fund welfare programs while adhering to a 3% fiscal deficit cap, with credit agencies warning of budget risks.
Protests and layoffs contribute to declining consumer confidence and rising unemployment.
The weakening rupiah raises concerns about economic stability and the potential return to past crises without fiscal discipline.

1 of 1

Story summary

Indonesia's President Prabowo Subianto, in office since October 2024, targets 8% economic growth amid investor concerns and protests over living costs.
He appointed Purbaya Yudhi Sadewa as finance minister, who has launched a $12 billion bank stimulus.
The government struggles to fund welfare programs while adhering to a 3% fiscal deficit cap, with credit agencies warning of budget risks.
Protests and layoffs contribute to declining consumer confidence and rising unemployment.
The weakening rupiah raises concerns about economic stability and the potential return to past crises without fiscal discipline.