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Hoping in Vain for a Structural Economic Reform

Monday, September 22, 2025

Indonesia’s government scrambles to revive growth with a range of economic stimuli. Analysts warn the moves risk undermining hard-won financial stability without delivering real recovery.

arsip tempo : 177328132448.

Ilustration: TEMPO/Alvin Siregar. tempo : 177328132448.

AFTER the mass demonstrations that erupted in August, the government is now scrambling to revive a sluggish economy. In quick succession, it has rolled out two significant measures.

First came the transfer of Rp200 trillion from Bank Indonesia to state-owned commercial banks. Then followed a package dubbed 8+4+5, comprising eight development acceleration programs, four follow-up initiatives, and five schemes to create jobs. The numeric titl

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