Jakarta – Finance Minister Purbaya Yudhi Sadewa outlined a strategy for achieving 6-8% economic growth for Indonesia, centered around a concept he termed “Sumitronomics,” during a public lecture at airlangga university on November 11, 2025. The framework, rooted in the economic beliefs of Prof. Sumitro Djojohadikusumo – father of President Prabowo Subianto – prioritizes high economic growth, equitable distribution of benefits, and dynamic national stability.
sumitronomics draws upon the legacy of Prof. Djojohadikusumo, who served as Minister of Trade and Industry and Minister of Finance under president soekarno, and later as Minister of Trade and Minister of Research under President Soeharto.
According to a statement from the Ministry of Finance released November 18, 2025, Purbaya believes Indonesia can reach its growth targets through a balanced approach to fiscal policy, monetary policy, and private sector activity. “Our economy can accelerate if the three engines – fiscal, monetary and implemented in the private sector – grow faster,” Purbaya stated.
A key component of this strategy is bolstering domestic demand, which currently contributes approximately 90% to IndonesiaS GDP. Purbaya emphasized the importance of maintaining strong internal consumption to insulate the nation’s economy from global instability. “So even though global conditions are unstable, if I maintain domestic demand at 80% it can still be enough to support domestic growth,” he explained.
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(hal/hns)