Claims Of Indonesian Household Consumption Are Still Maintained, Here's The Secret!

Sri Mulyani (Photo: Antara)

Minister of Finance Sri Mulyani Indrawati revealed that Indonesia's household consumption is still maintained, supported by people's purchasing power as controlled inflation and fiscal support through subsidies, social spending and compensation.

Furthermore, Sri Mulyani explained, Indonesia uses a shortata not only monetary but fiscal and even bureaucratic administrative approaches.

"This is very important to overcome inflation that does not come from aggregate demand," Sri Mulyani said at the 2025 RAPBN Press Conference, Friday, August 16.

Sri Mulyani continued, the maintenance of this inflation was also due to the synergy between Ministries/Institutions (K/L) and the Minister of Home Affairs who formed the Regional Inflation Team and the Coordinating Minister for the Economy Airlangga Hartarto acting as Head of the National Inflation Control Team

"Everything contributes to price stability at the level of creating low inflation and it helps purchasing power. During the food crisis, the global energy crisis occurred, Indonesia relatively had lace inflation," he said.

According to Sri Mulyani, this is very profitable for Indonesia so that Indonesia's consumption growth is maintained at close to 5 percent.

"And that supports our growth at 5 percent," added Sri Mulyani.

On the other hand, he continued, the government was also able to maintain jobs. It was proven that in the period 2015 to 2024 during the administration of President Joko Widodo succeeded in creating jobs to absorb 21.3 million new workers, while in the period 2022 to 2024 there were 11.1 million.

"This caused the unimployment to decrease by 6.26 percent, decreasing to below 5 percent, which is 4.82 percent," concluded Sri Mulyani.