Airlangga said that Indonesia's economy was resilient despite global turmoil, unlike in 1998.

Jakarta - Coordinating Minister for Economic Affairs Airlangga Hartarto explained that Indonesia's economic condition remained strong amid global turmoil. This condition is very different when Indonesia experienced a crisis in 1998.

This was conveyed by Airlangga Hartarto in a media briefing with international media at the Bakom RI Auditorium, Jakarta, Monday, April 13.

According to Airlangga, among the G20 countries, Indonesia's economic growth in 2025 is the second highest after India, namely 5.11 percent. However, Indonesia's budget deficit is below 3 percent. It is relatively low compared to other G20 countries.

For comparison, India's budget deficit reached 4 percent, France 4.4 percent, the United States (US) 6.3 percent. The International Monetary Fund (IMF) and the World Bank project global economic growth in the range of 2.6-3.3 percent. Meanwhile, Indonesia this year is expected to grow to around 5.3 percent.

In fact, Airlangga is optimistic that Indonesia's economic growth in the first quarter of 2026 can reach 5.5 percent. Airlangga explained, Indonesia's resilience is supported by a strong domestic economy, reaching 54 percent of GDP.

Supported by food and energy security. In addition, Indonesia under the government of President Prabowo Subianto has succeeded in achieving rice self-sufficiency since 2025. Rice production reached 34.7 million tons and Bulog stocks 4.6 million tons as of April 8, 2026, the highest in history.

The state budget serves as a shock absorber for the community, various social assistance is provided for the poor. The government has also managed to increase tax revenue. As of March 2026, tax revenue reached IDR 462.7 trillion or grew 14.3 percent year-on-year. The state budget deficit is still under control.

The poverty rate continues to decrease to below 10 percent, currently 8.25 percent. The gap rate is also decreasing to 0.363. The unemployment rate has also been suppressed to 4.7 percent.

The government debt ratio is currently 40.46 percent of GDP or IDR 9,637.9 trillion. However, most of the loans are from within the country. Foreign ownership of Government Securities (SBN) is only 12.6 percent, reducing external vulnerability.