Deputy Finance Minister Suahasil Nazara stated that Indonesia’s ambition to achieve economic growth of around 6–8% cannot rely solely on the state budget (APBN). Instead, the private sector plays a decisive role, alongside household consumption. He explained that private economic activities—including corporate investment and public consumption—contribute roughly 85 percent of Indonesia’s Gross Domestic Product (GDP), while government spending accounts for only about 14%. Therefore, he emphasized the importance of strong collaboration between the government and private sector leaders to stimulate investment, create jobs, increase wages, and ultimately drive higher and more sustainable economic growth.
To support this objective, Suahasil highlighted several government policy measures aimed at strengthening the business environment, particularly through maintaining adequate liquidity in the banking system. The government has placed significant funds in banks to help lower funding costs, making credit more affordable and encouraging businesses to expand. While acknowledging the vital role of fiscal policy, he stressed that long-term and inclusive economic growth depends on robust private-sector participation, especially through productive investment, employment generation, and value-creating economic activities. According to him, sustained synergy between public policy and private initiative is essential for Indonesia to reach its higher growth targets.
