JAKARTA - Finance Minister Purbaya Yudhi Sadewa assessed that many market participants had not read the direction of the Indonesian economy in its entirety. In the midst of the outflow of funds from the capital market, he actually said that the domestic economy was accelerating.
Purbaya said the latest economic growth figures showed that the economic engine was starting to work faster.
"Previously it was 5.39, now it is 5.61. So our economy is accelerating," said Purbaya at the Presidential Palace Complex, Jakarta, Tuesday, May 5.
According to Purbaya, excessive concerns make some investors exit the capital market too quickly.
"That is what many people do not realize so people are a little afraid and get out of the capital market," he said.
Purbaya again repeated his message to investors not to hesitate to enter the stock market.
"I said yesterday that I was just a little bit. If they participate, they will benefit a lot in the future," he said.
The government, continued Purbaya, is preparing a number of steps to maintain the economic growth rate. One of them is to maintain liquidity with Bank Indonesia and prepare additional stimulus which is said to start running around June 1.
In addition, the government will issue panda bonds in China. This step is taken to expand the source of financing and reduce dependence on the US dollar.
"We are not dependent on the dollar too much anymore. So our diversification will be better in the future," said Purbaya.
Purbaya then conveyed the President's message asking the public not to be afraid of the country's economic and financial conditions.
"The President also told me, tell me that my money is enough, the money is a lot. So you don't have to be afraid," he said.
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)
