Economists stress that creating a credible plan is more important than painting a bold aspiration, as the government continues to propose ambitious economic growth targets, while seeking to uphold fiscal prudence.
President Prabowo Subianto looks on before delivering a speech on the macroeconomic framework to lawmakers at the House of Representatives building in Jakarta on May 20, 2026. (AFP/Bay Ismoyo)
As President Prabowo Subianto prepares to deliver the Financial Notes in a speech before the People’s Consultative Assembly on Friday, kicking off the formal drafting of next year’s state budget, attention has turned to how the plan will shape the nation’s economy.Economists stress that creating a credible plan is more important than painting a bold aspiration, as the government continues to propose ambitious economic growth targets, while seeking to uphold fiscal prudence.
Permata Bank chief economist Josua Pardede told The Jakarta Post on Tuesday that small changes in the budget plan were “normal, given that the economy keeps shifting” but he emphasized that creating a devisable plan was imperative since the document functions as a benchmark and signal for households, businesses, banks and investors.
