Purbaya Affirms No Additional Budget, Just Shifts

Minister of Finance (Menkeu) Purbaya Yudhi Sadive revealed that his meeting with the Coordinating Minister for Economic Affairs Airlangga Hartarto at Wisma Mandiri to discuss the alignment of a number of policies directed by President Prabowo Subianto.

"The synchronization of new policies directed by the President (Prabowo Subianto)," he told the media crew, Wednesday, October 1.

He explained that the discussion was focused on determining which implementation times, funding mechanisms, and which programs could be implemented this year and which would be implemented next year.

"Only determine when it will be implemented, what kind of funding it will be, what can be carried out, what can't this year, and what can be carried out next year," he said.

According to Purbaya, the current policy direction is much more structured and clear, and everything is in a safe condition to run.

"It's clearer now than it seems before. So it's safe," he said.

However, Purbaya emphasized that there was no additional budget for the stimulus package and there was only a budget shift.

"Some asked to be shifted, I'll comb it first. If I can't shop, I will slide it, it looks like it will be shifted. But that doesn't mean a new budget, I will move it there (economic package)," he explained.

Previously, Coordinating Minister for Economic Affairs Airlangga Hartarto expressed his belief that the economic growth target of 5.2 percent this year was still realistic to achieve.

He added that there are various priority government programs that will continue to be accelerated until the end of the year.

"The government is optimistic that 5.2 percent economic growth, God willing, can be achieved. Therefore, in accordance with the direction of the President, the ministers gathered to check the flagship programs of the President," he said in a press conference after a coordination meeting with a number of ministers at Wisma Danantara Indonesia, Wednesday, October 1.

He said that several acceleration steps were starting to be carried out, one of which was an internship program aimed at new graduates with a maximum graduation period of one year and from now on until October 15, companies will upload their needs on the website.

Meanwhile, this program will start on October 15 through the SIAPkerja platform, involving SOEs and private companies under the coordination of Kadin.

"So the internship program is ready and this time the companies are included in the Ready to Work system, and this system will be opened for registrants on October 15," he said.

Then for the tourism sector, the government bears PPh Article 21 for workers with salaries below Rp. 10 million, covering around 552,000 workers in hotels, restaurants and cafes, previously workers in the labor-intensive sector had also received similar incentives.

In addition, the Government will also provide food assistance in the form of rice and cooking oil which will be distributed to 18.3 million beneficiary families.

Next, the JKK-JKM program contribution discount is given to around 731,000 workers in the transportation sector. Meanwhile, the BPJS Ketenagakerjaan housing program is targeted to support the construction of 100,050 housing units.

Then, labor-intensive programs in the field of public work and transportation are expected to absorb 215,000 workers by the end of 2025.

In addition, the Government is also preparing ongoing fiscal incentives until 2029. PPh 21 for the tourism sector and labor-intensive work is extended until 2026, accompanied by VAT DTP incentives for houses of up to IDR 2 billion, as well as People's Business Credit (KUR) for the housing sector worth IDR 130 trillion.

Furthermore, for MSME players, the final income tax rate of 0.5 percent for turnover of up to IDR 4.8 billion is extended until 2029.

"We also discussed some of the flagship programs related to the Red and White Cooperatives, then in terms of agriculture and KKP including fishing villages, and also related to the pond program in Pantura covering an area of 20 thousand hectares. The government also encourages the acceleration of spending on 12 K/L and optimizing programs such as free nutritious food, excellent schools, support for MSMEs, and other MSME programs," he said.

Furthermore, Airlangga explained that the government is also preparing additional stimulus packages which will cover more than 30 million beneficiary families and working groups.

"This is being finalized in the next week. In addition, retail events that have been announced, such as Harbolnas on 10 (December) to 16 (December) are estimated that the MSMEs involved can create demand of IDR 35 trillion, then Expenditure for Indonesian Discounts and Retail Epic Sales," he said.

He conveyed that to support increased consumption in the year-end period, especially ahead of Christmas 2025 and New Year's 2026, the government regulates the provision of public transportation discounts.

Meanwhile, PT KAI will provide a ticket discount of 30 percent for 1.5 million passengers in the period 22 December 2025 to 10 January 2026.

Meanwhile, Pelni prepared a discount of 20 percent for around 405,000 ship passengers from 17 December 2025 to 10 January 2026.

Next, ASDP targets 227 thousand passengers and 491,000 vehicles to enjoy relief from port service rates from 22 December 2025 to 10 January 2026.

Furthermore, airlines will also provide ticket discounts between 12 percent and 14 percent for around 36 million passengers, this discount applies to ticket purchases from October 22 to January 10, 2025, with flights scheduled for between December 22, 2025, to January 10, 2026.

In the retail sector, the government supports the implementation of the National Online Shopping Day (Harbolnas) on October 10'16, which is estimated to be able to create demand of up to IDR 35 trillion.

In addition, the Indonesian Discount Shopping and Retail Epic Sale program will also be held to encourage public spending ahead of Christmas and New Year.