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Indonesia plans to announce economic stimulus measures on June 5 to revive activity and boost consumer purchasing power, hoping to push economic growth to around five pre cent this quarter, the Co-ordinating Ministry of Economic Affairs said yesterday.
“These programmes are prepared to encourage growth by increasing consumption,” chief economic minister Airlangga Hartarto said in a statement, adding that launching the measures before a school holiday starting in late June would provide momentum to boost purchasing power.
Southeast Asia’s largest economy grew 4.87pc in the first quarter from the same period last year, its weakest in more than three years. The central bank trimmed its 2025 growth forecast to between 4.6pc and 5.4pc from a 4.7pc-5.5pc range.
The ministry is still calculating the size of the stimulus package, which is meant to boost growth in the second and third quarters, a spokesperson said.
The incentives include a 50pc discount on electricity bills for around 79.3 million households and food handouts for 18.3m lower-income households in June and July.
The government also plans to give cash transfer for low-income workers and a discount on work accident insurance for workers in labour-intensive industries.
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