Minister of Finance Purbaya Values the Impact of Venezuela on Indonesia is Limited, the Rupiah Has the Potential to be Positive

JAKARTA - The situation in Venezuela is considered not to have a significant impact on the Indonesian economy. According to the Minister of Finance, the influence is relatively limited and tends to be far from Indonesia, both in terms of oil prices, financial markets, and the rupiah exchange rate.

Minister of Finance Purbaya Yudhi Sadewa said Venezuela has long been not very active in the world oil market due to limited production capacity. This condition makes the escalation that occurs not much affect global oil supplies.

"Venezuela has not been very active in the world oil market for a long time. Its production capacity is limited," Purbaya told reporters at the Presidential Palace Complex, Jakarta, Monday, January 5, 2026.

He assessed that the direct impact on Indonesia was relatively far. In terms of oil prices, the global market also did not show significant pressure. According to Purbaya, the United States has allowed policies related to Alaska, so that the world oil supply is considered to be maintained.

"So it doesn't affect supply. In the future, if the increase in production is carried out, it is also good for the price of oil and the world oil supply," he said.

Purbaya also highlighted the response of the global financial market which was considered not in line with geopolitical tensions. He noted that the stock market actually moved up and was perceived as slightly positive by market participants.

"If you look at the stock market, it's even going up. The market sees it a little positive. It's a bit strange, actually, but that's what the market sees," he said.

From a fiscal perspective, Purbaya explained that the decline in oil prices has the potential to reduce energy subsidy spending. However, at the same time, state revenues from the sector also decreased.

Meanwhile, regarding the rupiah exchange rate, Purbaya assessed that the impact tends to be positive. "It should be positive," he said.

He also alluded to the global condition which is full of uncertainty. According to him, the current international legal order looks weak, including in the supervision of conflicts between countries by the United Nations.

"The laws of the world are a bit strange now. A country can attack another sovereign country and it seems to get away with it," said Purbaya.