en.malanginspirasi.com – Finance Minister Purbaya Yudhi Sadewa mentioned about the growth economic figures in first quarter of 2026 as well as the rupiah exchange rate.
“BPS collects data from everywhere, right? Put it on paper, so it’s on paper. But no, it’s not… If I write 10 on paper, it’s done. But that doesn’t reflect reality. The reality is that those figures are derived from BPS surveys and BPS economic expenditure records,” said Purbaya at the Directorate General of Taxes (DGT) Office in Jakarta on Wednesday (May 27, 2026).
Purbaya stated that his office also cross-checked figures with car sales, motorcycle sales, consumer spending, cement consumption, and electricity consumption.
“That doesn’t automatically equate to GDP, but it serves as a checkpoint to see if those figures are correct. When growth is rising rapidly, it means everything is moving,” he said as stated from Info Publik.
Purbaya also explained that he personally visited markets and malls in various regions to prove that the economy is still moving.
“It’s always busy everywhere. In Yogyakarta, it’s busy, Surabaya, Bandung. In Jakarta, I also went to busy malls and traditional markets,” Purbaya said.
However, he acknowledged that Indonesia’s economic growth is not yet 100 percent and that it will take time for the impact to be felt evenly.
“The economy may not be 100 percent perfect. We are just starting to recover from slow growth to faster growth, and it will take time for the impact to spread evenly throughout the economy,” said Minister Purbaya.
Rupiah Exchange Rate
Regarding the rupiah exchange rate against the United States (US) dollar, which has nearly reached Rp 17,800 per US dollar, Finance Minister Purbaya considered the rupiah’s decline unreasonable. This is because Indonesia’s economic fundamentals are considered sound.
“The economy is good, and this happens when the fundamentals are good. This doesn’t make sense, actually. Usually, it weakens when there are fundamental disturbances,” said Purbaya.
However, Purbaya stated that yields on the Indonesian bond market have decreased.
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This is due to the government’s intervention in the Government Securities (SBN) market through treasury operations to maintain exchange rate stability.
“But even though the rupiah has weakened, bond yields have fallen. This is because of the government’s actions, and the actions of our colleagues at the Directorate General of Treasury, to buy a little, so that yields are somewhat controlled,” he explained.
“So, as long as the bond market is under control, foreign investors’ willingness, especially to invest, and our bonds will certainly be maintained. We’ve already begun to see foreign capital inflows into our bond market. And going forward, there will be further government action that will significantly support the rupiah exchange rate,” Purbaya concluded.
