The Chairman of the House Budget Committee (Banggar) of the Indonesian House of Representatives (DPR RI), Said Abdullah, emphasized the significant implications of President Prabowo Subianto’s direct attendance at the 19th Plenary Session. The session was held to present the Macroeconomic Framework and Fiscal Policy Principles (KEM-PPKF) for the 2027 State Budget (RAPBN).
“Whether this marks the beginning of a new tradition or not, President Prabowo’s decision to personally address the plenary session regarding the 2027 macroeconomic framework and fiscal policy carries deep significance,” Said stated on Wednesday (May 20).
According to Said, one of the primary motivations behind the President’s personal appearance is to address and dispel market skepticism regarding the health of Indonesia’s fiscal condition. He noted that the presence of the head of state serves as a signal of commitment to the nation’s economic stability.
“First and foremost, his presence serves to answer market doubts regarding our fiscal liquidity, stability, capacity, overall health, and the continuity of fiscal policy in the 2026 State Budget,” he explained.
In light of this, Said urged stakeholders to await the President’s specific directives and long-term vision for fiscal management in 2027, which will be outlined in the KEM-PPKF presentation. He believes that clear communication from the leadership is essential for guiding the country’s economic path.
“We are now awaiting the President’s vision and direct instructions on how he intends to manage our fiscal affairs in 2027,” Said asserted. He further expressed confidence that President Prabowo will highlight how Indonesia’s current financial standing is inextricably linked to the broader landscape of global geopolitics.
“It is certain that the President will convey that the challenges we face today are inseparable from global pressures and current geopolitical situations,” Said added. Given these global economic fluctuations and the impact of the Federal Reserve’s interest rate policies, he expressed hope that Bank Indonesia (BI) would consider raising interest rates to effectively stabilize the rupiah.
Summary
President Prabowo Subianto personally attended the 19th Plenary Session of the House of Representatives (DPR RI) to present the Macroeconomic Framework and Principles of Fiscal Policy (KEM-PPKF) for the 2027 Draft State Budget. His presence is seen as a strategic move to address market concerns regarding Indonesia’s liquidity, stability, and fiscal health, while underscoring the government’s commitment to maintaining sustainable national economic policies amidst global uncertainty.
Chair of the House Budget Committee (Banggar), Said Abdullah, highlighted the importance of the President’s vision for fiscal management in the face of geopolitical pressures and global economic fluctuations. Direct communication from the head of state is considered crucial for providing policy clarity to stakeholders. Furthermore, the government is expected to remain vigilant regarding the impact of international monetary policies, including potential interest rate adjustments by Bank Indonesia to ensure the stability of the rupiah.