Tuesday, 19 August 2025 03:56

The National Shopping Festival, a Government Initiative to Stimulate Domestic Consumption and Drive National Economic Growth

From 14 to 24 August 2025, the Indonesian Government and the Indonesian Shopping Centre Management Association (APPBI) together organised the Indonesia Shopping Festival (ISF) 2025. Approximately 400 shopping centres across Indonesia were involved, with potential transactions reaching IDR 23.32 trillion. The objective of the event is to contribute to the sustained national economic growth, one of which is to strengthen domestic consumption by organising various retail events across Indonesia. ISF 2025 is also held to commemorate the 80th Independence Day of the Republic of Indonesia. The Secretary of the Ministry of Coordinating Economic Affairs, Susiwijono Moegiarso, formally inaugurated ISF 2025 and delivered the keynote speech, highlighting the government's commitment to prioritising domestic consumption in upcoming initiatives, underscoring its strategic focus on this sector.

According to data from the Indonesia Statistics (BPS), Indonesia's economy grew by 5.12% year-on-year (yoy) in the second quarter of 2025. In Q2 of 2025, the government distributed various economic stimulus packages to maintain public purchasing power. Susiwijono also noted that household consumption is a key driver of Indonesia's economy, accounting for approximately 55% of the Gross Domestic Product (GDP). Therefore, the government will consistently design policies and programs to maintain public purchasing power while ensuring the affordability of goods and services. ISF 2025 is regarded as a modern approach to celebrate independence and support national economic sovereignty, serving as a platform for promotion and entertainment, and playing a strategic role in maintaining the momentum of national economic growth, particularly through strengthening household consumption. Susiwijono also expressed his appreciation to the Indonesian Retailers Association (APPBI) and all shopping centre operators who participated in the event.

Source: https://www.ekon.go.id/publikasi/detail/6522/gelar-festival-belanja-nasional-pemerintah-dongkrak-konsumsi-domestik-guna-mendorong-pertumbuhan-ekonomi-nasional

 

 

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