Bank Mandiri Values The Government Needs To Accelerate State Expenditures To Encourage The Economy
JAKARTA - Bank Mandiri estimates that Indonesia's 2025 economic growth will still have a chance to be in the range of 4.9 percent' 5.1 percent.
To maintain momentum, the government needs to implement counter-cyclical policies, both monetary and fiscal.
Bank Mandiri's Treasury & International Banking Director Ari Rizaldi said that two counter-cyclical policies are currently very much needed, given the strong external pressure.
He added that the pressure stems mainly from global economic uncertainty triggered by tariff wars and trends in policy interest rates in the United States that have not shown a significant downward signal from The Federal Reserve (The Fed).
"Bank Indonesia's monetary policy itself is expected to remain accommodative as long as price stability and financial markets are maintained. Now, if we look at the fiscal policy, it needs to be more expansive, of course," he said at the Mandiri Macro and Market Brief 3Q25 Indonesia Economic Outlook event, Thursday, August 28.
In terms of fiscal, the realization of government spending needs to be encouraged to be more aggressive in order to become a buffer in facing global uncertainty.
"We believe that various government policies that are expansive and seek to encourage higher economic growth will be able to cause optimism and open up various opportunities," he added.
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Dia menegaskan, implementasi berbagai program prioritas pemerintah diyakini akan memberikan dampak positif terhadap sektor-sektor terkait dalam ekosistem ekonomi nasional.
Sebagai informasi, hingga akhir semester I-2025 realisasi belanja negara tercatat sebesar Rp1.407,1 triliun.
Angka ini belum mencapai separuh dari total pagu anggaran belanja pemerintah tahun ini yang mencapai Rp3.621,3 triliun.
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He emphasized that the implementation of various priority programs by the government is believed to have a positive impact on related sectors in the national economic ecosystem.
For information, until the end of the first semester of 2025, the realization of state spending was recorded at IDR 1,407.1 trillion.
This figure has not reached half of the total government budget ceiling this year which reached IDR 3,621.3 trillion.