A Glimmer of Hope with Minister of finance Purbaya
The distribution of funds to consumptive credit carries the potential to fuel price increases and trigger inflation. Ensuring the effectiveness of goverment stimulus requires diligent oversight to prevent banks from diverting funds into securities or instruments outside the intended scope. Often, policy implementation falls short not due to flawed concepts, but due to execution issues – a disconnect between planning and reality. In this instance,the five Himbara banks bear notable obligation for successful implementation.
Minister of Finance Purbaya recently demonstrated a commitment to addressing regional financial concerns by pledging to increase the Transfer to Region (TKD) budget in the 2026 Draft State Budget. This commitment comes after the initial draft set the TKD budget at approximately Rp 650 trillion, a decrease from the Rp 864 trillion outlined in the 2025 APBN Outlook.
The current TKD value in the 2025 State budget has already strained local governments, forcing them to seek additional income, sometimes through measures like increasing Land and Building Tax (PBB), which has sparked protests in various regions.
Fiscal policy is a double-edged sword. When implemented correctly, it can effectively drive economic growth and national progress. Though, inappropriate policies risk economic contraction and widespread social impact. Therefore, fiscal policy formulation must prioritize the broad interests of the people.
In his first week in office, Minister of Finance Purbaya has already signaled a new approach. His swift action to stimulate economic growth deserves recognition.His direct, rapid style offers a renewed sense of hope amidst the current economic uncertainties.
In this challenging economic climate, the Minister of Finance must maintain professionalism and a willingness to take calculated risks, remaining uninfluenced by political or populist pressures.It’s crucial to remember that economic stability is inextricably linked to political stability, and vice versa.
Let us remain optimistic. Optimism is, undoubtedly, a more productive stance than pessimism.
A Renard Widarto, Businessman, engineer and doctoral economics.
Also check out the Purbaya Video after the Minister of Finance Sertijab: This Amanah Is Not Light.
(IMK/IMK)
