Government Optimistic Economy Will Grow 5.2 Percent in 2025 Driven by Consumption Stimulus

Coordinating Minister for the Economy Airlangga Hartarto. (Photo: Dok. Antara)

JAKARTA - The government is optimistic that the national economic growth can reach 5.2 percent by the end of 2025, assuming that community consumption increases along with the support of various stimulus programs in the fourth quarter of 2025.

Coordinating Minister for the Economy Airlangga Hartarto revealed that the government targets total community spending in the fourth quarter of 2025 to be in the range of Rp. 120 trillion.

He added that the target was supported by a number of national spending programs, one of which was the National Online Shopping Day (Harbolnas) which was held on December 10-16, 2025, with a target transaction value of Rp. 34 trillion.

"The target for economic growth in 2025 is 5.2 percent Insya Allah achieved. Economic growth in the fourth quarter of 2025 (estimated) is above 5.4 percent," he said in the plenary Cabinet Meeting, Monday, December 15.

In addition to Harbolnas, the government also relies on the Belanja di Indonesia Aja (BINA) Indonesia Great Sale 2025 program which offers discounts of up to 20, 50, and 80 percent, from this program, the transaction value is targeted to reach Rp30 trillion.

The next program is the EPIC Sale 2025 which takes place from December 1-31, 2025, with a projected transaction of IDR 56 trillion.

"So the total spending in December 2025 is Rp. 110 trillion-Rp. 120 trillion, hopefully this will encourage growth in terms of consumption," he said.

He added that the national economic performance was also supported by relatively solid macro indicator conditions.

As of October 2025, the trade balance recorded a surplus of 2.39 billion US dollars, while the current account surplus reached 4 billion dollars in the third quarter of 2025, and Indonesia's foreign exchange reserves as of the end of November 2025 were recorded at 150.1 billion US dollars.

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"We report that the macroeconomic indicator situation until the end of this year is still good. Including the stock price index is also an all-time high from January up 20 percent and this is one of the highest in Asia," he said.

On the other hand, credit growth was recorded at 7.36 percent in October 2025 and primary money growth reached 13.3 percent in November 2025, with adjusted primary money (adjusted M0) reaching Rp2,136.2 trillion.

"So the effect next year will be positive and this year some of the K/L use of the budget is also good," he explained.