Economic Target 2025 Changed, Rupiah Tourism Increases And Economic Growth Becomes 5.3 Percent

Rupiah (Photo: Antara)

JAKARTA - President Prabowo Subianto made changes to the Government Work Plan (RKP) in 2025. The revision includes several main macro assumptions, especially regarding the projection of economic growth and the rupiah exchange rate.

This change is contained in Presidential Regulation (Perpres) Number 79 of 2025 concerning the Update of the Government Work Plan for 2025, which comes into effect since it was promulgated on June 30, 2025.

As for the previous RKP which was regulated through Presidential Decree 109 of 2024, the projected economic growth was in the range of 5.3 percent to 5.6 percent, with the rupiah exchange rate assumed to be between Rp. 15,900 to Rp. 15,900 per US dollar.

However, in this update, the economic growth target was set at 5.3 percent, and the rupiah exchange rate was updated to IDR 16,000" IDR 16,900 per US dollar.

"The achievement of the target for economic growth in 2025 is 5.3 percent supported by macroeconomic stability which is sought to continue to strengthen by ensuring that fiscal macro indicators continue to perform well to ensure sustainable development in the medium-long term. The inflation rate is maintained stable in the range of 2.5 plus minus 1 percent (yoy) and the Rupiah exchange rate in the range of Rp. 16,000-Rp. 16,900 per USD," the attachment wrote, quoted on Tuesday, Tuesday.

The targets of the macroeconomic indicators in 2025 that have been updated are as follows:

1. 2.5 percent inflation plus minus 1 percent. The rupiah exchange rate is IDR 16,000 per US dollar to IDR 16,900 per US dollar3. Foreign exchange reserves 162.40 billion per US dollar4. Foreign exchange reserves (in import month) 6.4 months5. The transaction balance runs 0.78 percent against GDP6. The GDP contribution to the processing industry is 20.8 percent7. The tourism GDP ratio is 4.2 percent to 4.3 percent 8. Tourism foreign exchange is 17.10 billion per US dollar to 18.30 billion per US dollar9. State revenue 12.36 percent for GDP10. Tax revenue 10.24 percent for GDP11. Primary balance 0.26 percent for GDP12. APBN deficit 2.53 percent for GDP13. Government debt stock is 39.15 percent for GDP14. Investment growth (PMTB) 5.61 percent.