Indonesia finds itself in a state of "survival mode" due to the prevailing global uncertainty, Finance Minister Purbaya Yudhi Sadewa stated.
At a symposium held in Jakarta, he articulated that President Prabowo Subianto perceives the present circumstances as necessitating the country to fully leverage all available resources to maintain peak economic growth, rather than adhering to a conventional business approach.
"I want to be clear, in the President's mind, we are now in survival mode, so it is not business as usual," Purbaya said.
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To ensure the achievement of an eight percent economic growth target, the government has instituted multiple task forces focused on safeguarding state revenues and expenditures, along with enhancing the business environment.
Included within their ranks is the Forest Area Enforcement Task Force (PKH), which has tackled infractions within forested regions as a segment of comprehensive governance enhancements.
The reforms are designed to guarantee that the management of natural resources yields the highest possible returns for the state.
"I want to stress that we are operating in survival mode. It is imperative that everything is executed to the highest standard. Complacency is no longer an option," stated Purbaya.
He mentioned that the president's strategic plan encompasses the advancement of infrastructure, the fortification of energy security, and the promotion of regional economic growth.
The government is actively working to optimize fiscal efficiency and expand industrial productivity. This includes initiatives aimed at augmenting value addition, particularly through the advancement of the chemical industry and the expansion of downstream processes targeted at exports.
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Regarding energy security, the government is broadening its array of supply sources to mitigate reliance on a small number of providers, a measure deemed essential in light of global disruption risks.
"If these initiatives proceed successfully, there will be an influx of investment, which will inevitably lead to the creation of job opportunities," he stated.
Essentially, he articulated that the Indonesian economy retains its strength, underpinned by fiscal stability, reliable policy credibility, and vigorous domestic demand. He observed that approximately 90 percent of the economy is propelled by domestic consumption, rendering purchasing power a crucial element.
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He referenced the global financial crisis of 2009, highlighting that Indonesia achieved a growth rate of 4.6 percent, whereas numerous other nations faced economic contraction.