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Indonesia's Finance Minister Pushes Growth Amid Criticism

10/2/2025

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Summary

Story summary

Purbaya Yudhi Sadewa, Indonesia's new Finance Minister, advocates fiscal restraint with efficient spending to support growth.
He plans to inject liquidity into banks and accelerate government spending to stimulate growth.
Spending trimmed growth by 0.08 percentage points in Q1 2025 and 0.02 in Q2 2025.
Critics say the approach lacks a long-term plan, urging new growth engines beyond liquidity.

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Story summary

Purbaya Yudhi Sadewa, Indonesia's new Finance Minister, advocates fiscal restraint with efficient spending to support growth.
He plans to inject liquidity into banks and accelerate government spending to stimulate growth.
Spending trimmed growth by 0.08 percentage points in Q1 2025 and 0.02 in Q2 2025.
Critics say the approach lacks a long-term plan, urging new growth engines beyond liquidity.