Maintain the Economy Semester II-2026, Purbaya Prepare Electric Vehicle Stimulus

Minister of Finance Purbaya Yudhi Sadewa (Photo: VOI doc)

JAKARTA - The government is preparing a new economic stimulus package to maintain the momentum of national growth in the second half of 2026.

One of the policies prepared is an incentive for the purchase of electric cars and motorcycles, which is expected to support people's purchasing power.

Finance Minister Purbaya Yudhi Sadewa said the stimulus package would be announced in the near future and the policy would be part of the government's strategy to maintain economic growth amid global uncertainty.

"We will also provide some economic stimulus in the near future. If I'm not mistaken, the stimulus for electric cars and motorcycles will be announced. Later, the President (Prabowo Subianto) will announce it," he said at the Press Conference Results of the Regular Meeting of the Financial System Stability Committee (KSSK) III 2026, Monday, August 3.

In addition, Purbaya estimates that Indonesia's economy in the second quarter of 2026 will grow by around 5.4 percent.

"If we look at the predictions of all four institutions, it seems to be below 5.6 percent for the second quarter, but not far from 5.4 percent either. So it's slowing down, but it's not too bad," he said.

He explained that the economic slowdown in the second quarter was influenced by increasing global uncertainty and the pressure came from, among others, high world oil prices, increased capital outflow, and the government's efforts to maintain the stability of the state budget.

"Because in the second quarter we have peaks of uncertainty. Oil prices are high, the war is still unclear, we are still regulating how to keep our budget safe. A lot of capital is coming out and so on," he said.

However, he conveyed that the government was optimistic that the economy would strengthen again in the second semester of 2026.

In addition to through electric vehicle stimulus, the government will strengthen coordination with Bank Indonesia to ensure adequate liquidity in the financial system so that various sources of growth can move optimally.

"But I am confident that for the second semester this growth should be better because we will coordinate closely with the central bank to ensure that all growth engines can run," he said.

He added that the government would also strengthen a number of policies to support growth, including maintaining the liquidity of the financial system, improving the investment climate, and accelerating the realization of state spending.

"Other steps to encourage the economy will ensure that we enter the economy, including ensuring that the liquidity in the financial system is sufficient later in coordination with the central bank. Also ensure that the investment climate is better than in previous years," he said.

According to Purbaya, the acceleration of government spending in the second half of this year will be one of the important factors in encouraging economic recovery and increasing spending is expected to be able to drive economic activity in various sectors while strengthening consumption and investment.

He added that with these various policies, the government estimates that economic growth in the second half of 2026 can return to the range of 5.6 percent to 6 percent.

"We will also ensure that government spending in the second semester is further than in the first semester, especially in the second quarter, compared to the second quarter of this year. We predict that in the second semester the economy can grow in a state of 5.6 percent to 6 percent with hard work, of course," he concluded.