The Ministry of Finance has introduced fiscal measures to boost resilience and growth, including an IDR 200 trillion liquidity injection into state-owned banks (Himbara), a Q4 2025 stimulus package of IDR 16.23 trillion for food aid, labour programs, tourism and SME tax incentives, and an extended income tax incentive (PPh 21) for workers earning below IDR 10 million. While these policies are expected to strengthen productivity, challenges remain in ensuring their effectiveness. Liquidity injections may stall without complementary steps such as streamlined loan procedures, credit guarantees, and financing incentives. As of September 2025, undisbursed loans reached 22.71% of total bank credit, or about IDR 2,300 trillion, showing a persistent gap between approvals and disbursements that hampers the multiplier effect on investment, jobs, and growth.

To maximise impact, fiscal measures must be supported by inter-agency coordination and structural reforms. Stronger collaboration between ministries and regulators is needed to align policy implementation, while consistent law enforcement is vital to curb tax evasion, smuggling, and market manipulation. Improving the investment climate also requires simplifying permits, harmonising regulations across regions, and reducing hidden costs that deter investors. Ultimately, the success of economic policy depends on integrated action, legal certainty, and institutional reforms that create the foundation for inclusive and sustainable growth

Source:
https://nasional.sindonews.com/read/1623581/18/harmonisasi-kebijakan-ekonomi-nasional-1758542997