In a collaborative effort, Bank Indonesia (BI) East Java, the Financial Services Authority (OJK), the Ministry of Finance, and the Deposit Insurance Corporation (LPS) held a Media Briefing to discuss economic growth and stability in the region. With the theme “Strengthening Synergy for Stability and Sustainable Growth: Transformation Towards Golden Indonesia,” the event highlighted the region’s economic resilience and positive outlook. East Java’s economy grew by 4.93% in 2024, driven by strong investments, ongoing national strategic projects, and the robust trade, hospitality, and construction sectors. Inflation was well-managed at 1.51%, lower than the national average, ensuring economic stability. Looking ahead, BI projects a steady growth rate of 4.7% to 5.5% in 2025.

The banking sector also demonstrated solid performance, with an 8.04% credit growth reaching IDR 614 trillion and an increase in third-party funds to IDR 790 trillion. The government’s fiscal policy further strengthened economic resilience, with APBN spending growing by 13.74%, supporting infrastructure, social assistance, and local elections. With continued synergy and innovation, East Java remains a key economic hub, contributing significantly to national development. The region is set to maintain stability and growth, aligning with Indonesia’s vision for 2045.
Source:
https://harianbhirawa.co.id/bi-ekonomi-jawa-timur-2024-terjaga-dan-tumbuh-493-persen-konsumsi-dan-investasi-jadi-penggerak-utama/