JAKARTA - Coordinating Minister for the Economy Airlangga Hartarto reported before President Prabowo Subianto that domestic consumption still supported 54 percent of gross domestic product, foreign debt was at 29.9 percent of GDP, and foreign exchange reserves reached 151.9 billion US dollars.
The report was delivered by Airlangga at a cabinet meeting at the State Palace, Friday, March 13, as the government faced the pressure of war and world oil price turmoil.
Airlangga said the Mandiri Spending Index was at 360.7. When the President asked about the foreign debt figure, Airlangga confirmed that his position was still below 30 percent of GDP.
"29.9 percent. Below 30 percent, sir. The condition per day," said Airlangga.
When President Prabowo asked the total debt if it was combined with domestic loans, Airlangga said the figure was around 40 percent. According to Coordinating Minister Airlangga, this position is still considered low.
Airlangga also reported that foreign exchange reserves are now equivalent to six months of imports. This figure is higher than last year which is still in the range of US$ 140 billion.
In terms of trade, Indonesia's foreign trade ratio reached 42 percent of GDP. According to Airlangga, commodity exports such as coal, rubber, nickel, and copper provide a natural compensation for the oil and gas deficit. The value of commodity exports is said to reach 47 billion US dollars, while the oil and gas deficit is at 19.5 billion US dollars.
He also said that local currency settlements with Malaysia, Thailand, Japan, and China increased to 25.56 billion US dollars, from 12.9 billion US dollars last year. According to him, if this trend continues to be driven, pressure on the dollar could decrease.
On the fiscal side, Airlangga reported that the state budget is still functioning as a shock absorber. This year's food assistance reached Rp. 11.92 trillion, while the government's THR was around Rp. 40 trillion. Tax revenue until February 2026, he said, grew 30.4 percent compared to the same period last year.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
