Indonesia's Triple Triumph in Inflation Control, Growth, and Poverty Reduction Draws Global Praise
Indonesia has emerged as an economic standout by achieving the rare trifecta of low inflation, robust growth, and declining poverty levels, Finance Minister Sri Mulyani Indrawati announced at the Mandiri Investment Forum 2025 in Jakarta. With January 2025 inflation hitting a record low of 0.76% year-on-year – the lowest among ASEAN and G20 nations – the minister attributed this success to coordinated monetary and fiscal strategies. "Our price stability achievements are now drawing admiration from global peers," Indrawati stated.
The government's innovative fiscal approach includes performance-based incentives for regional administrations that effectively curb inflation. This decentralized strategy, coupled with targeted market interventions, has stabilized prices of critical food staples like rice, poultry, and eggs. "Price stability for household essentials isn't just economic management – it's fundamental to national prosperity," emphasized the Finance Minister.
Indonesia's economic performance breaks conventional trade-offs, achieving 5.03% GDP growth in 2024 alongside significant social progress. Official data reveals an 8.57% poverty rate (September 2024) and 4.91% unemployment (August 2024), marking consistent improvements. "Simultaneously delivering growth, price stability, and poverty reduction is exceptional – most nations excel in only one area," Indrawati noted, contrasting Indonesia's holistic progress with typical single-indicator successes elsewhere.
The minister underscored the interconnectedness of these achievements: controlled inflation preserves purchasing power for low-income households, while growth generates employment – creating a virtuous cycle that reinforces economic stability. This multidimensional success story positions Indonesia as a case study in balanced economic policymaking for emerging markets.
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