[FULL] Menkeu Sri Mulyani Respons IHSG Anjlok hingga Kabar Mundur dari Kabinet

Summary

In this discussion, a government official addresses several key topics related to Indonesia's economic performance. These include a 7% drop in the stock market, the management of state-owned enterprises (BUMNs), and rumors surrounding personnel changes. The official emphasizes transparency, professionalism, and investor trust in BUMNs. They also discuss Indonesia's trade surplus, strong PMI growth, and the resilience of key economic drivers such as household consumption, investment, and exports. The official highlights positive tax revenue and government interventions to maintain consumer purchasing power, providing an optimistic outlook for the economy in the coming quarters.

Takeaways

• 😀 The stock market dropped by 7%, but the government advises considering global and national factors, especially related to state-owned enterprises (BUMN).
• 😀 The government is committed to managing BUMN professionally and transparently to maintain public trust in these companies.
• 😀 The official addresses rumors about resignation, clarifying their continued commitment to managing the APBN and overseeing the country's finances.
• 😀 The new BUMN, Agrinas, is being formed from an existing BUMN, with investment funding allocated in the APBN for this purpose.
• 😀 The allocation of funds for Agrinas is part of a broader fiscal strategy under 'below the line' in the APBN, and the process is ongoing with the Ministry of BUMN.
• 😀 Indonesia's trade balance has remained in surplus for 58 consecutive months, with the latest February surplus at $3.12 billion, a significant year-on-year increase.
• 😀 The PMI (Purchasing Managers' Index) for Indonesia is at 53.6, indicating economic recovery and expansion from previous contraction.
• 😀 Domestic consumption remains stable with low inflation, helped by government interventions like electricity subsidies and price controls on essential goods.
• 😀 The government continues to focus on keeping inflation low, especially for volatile food prices and household necessities, which supports consumer purchasing power.
• 😀 There is a positive outlook for economic growth in Q1 and Q2, driven by strong exports, household consumption, and investment, all of which are performing well.

Q & A

What is the main issue addressed in the script regarding the stock market?

The main issue discussed is the 7% decline in the stock market, which is being analyzed in the context of both domestic and global factors. The importance of transparency and professional management in state-owned enterprises (BUMN) is also emphasized.

What is the government's stance on the rumors circulating about leadership changes?

The government firmly denies the rumors of any resignation and reiterates the commitment to manage the national budget (APBN) and the country's finances responsibly. The speaker emphasizes their dedication to maintaining public trust and working alongside the finance ministry team.

How does the government plan to manage BUMN's finances?

The government stresses that BUMN will continue to be managed professionally and transparently, following the guidance from President Prabowo. The management of these enterprises is expected to ensure trust and meet national development goals.

What is the projected investment in the Agrinas BUMN?

The projected investment for Agrinas is allocated in the APBN under the 'below the line' section, with a total of up to 8 trillion IDR. However, this is not a new allocation but part of an ongoing process managed by the Ministry of State-Owned Enterprises.

What is the current status of Indonesia's trade balance?

Indonesia has maintained a positive trade balance for 58 consecutive months, with a surplus of 3.12 billion USD in February, reflecting strong export performance despite global trade barriers and rising tariffs.

What are the key factors driving Indonesia's economic growth according to the script?

Key factors include positive trade balances, a rebound in the Purchasing Managers' Index (PMI), stable household consumption, low inflation, and government interventions such as subsidies for electricity and food prices, which help maintain consumer purchasing power.

How has the PMI index changed, and what does this indicate about the economy?

The PMI index has rebounded to 53.6, indicating an expansion in manufacturing activity after previously being below 50, which signifies a contraction. This recovery reflects positive economic activity, especially in manufacturing, demand, and exports.

How does inflation impact household consumption in Indonesia?

Inflation has been kept low, and government interventions, such as food and electricity price subsidies, have helped prevent a reduction in household consumption. The stabilizing of prices, especially in volatile food categories, ensures that consumer purchasing power remains stable.

What role does export play in Indonesia's economic outlook?

Exports play a crucial role in maintaining economic growth. The positive trade balance and high export figures are key contributors to the country's growth, particularly as the global economy faces challenges from trade barriers and rising tariffs.

What is the government's outlook on Indonesia's growth for Q1 2025?

The government is optimistic about maintaining strong growth in Q1, supported by robust household consumption, stable inflation, increased investments, and positive export performance. The outlook for the full year will be detailed later during the scheduled meeting.