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00:00:15you are watching Hat News at 7 PM Western Indonesian Time. 9 Constitutional Court
00:00:18(MK) judges have been reported to the MKMK (Honorary Council of the Constitutional Court)
00:00:22regarding alleged ethical violations in the examination and trial
00:00:26of the Gibran Rakabuming Raka diploma dispute.
00:00:30The reporters suspect that the nine MK judges violated constitutional principles
00:00:33by still holding the trial for the Gibran Diploma dispute, even though
00:00:37the applicant was deemed to have no legal standing. The Head of the
00:00:41MKMK Secretariat, Fajar Laksono, stated that out of a total of six reports received,
00:00:44three of them did not
00:00:47increase. This revenue is meet formal requirements and thus were not pursued.
00:00:49The MKMK will only determine the schedule for summoning and examining the nine MK
00:00:53judges at an internal meeting on Wednesday next week. The MKMK
00:00:57has a 30-day deadline to complete all examinations
00:01:00and decide the fate of the nine judges.
00:01:11will be back in 1 hour from now.
00:02:06Presented by,
00:02:08Speaking of subsidies, what was
00:02:32but it is a crucial phase where the foundation
00:02:35of major policies begins to be tested and
00:02:38realized. Through this forum
00:02:41today, we are not only
00:02:43So, I think what was here to record history,
00:02:45but also to test ideas,
00:02:49nurture optimism, and oversee the direction of national
00:02:52policies towards the vision of Golden
00:02:56Indonesia. Ladies and gentlemen, through today's
00:03:00discourse, a discourse that we hope
00:03:03will be constructive from experts
00:03:06to policymakers present, let us make the
00:03:10two-year momentum of this government an objective space for correction
00:03:13as well as a shot of positive
00:03:17energy for our nation. Finally,
00:03:20happy discussing, hopefully the ideas and recommendations
00:03:24from this forum will make a tangible contribution to Indonesia's
00:03:38and uncertainties, the pulse of the national economy continues to move across various
00:03:42sectors. In the last two years, Indonesia has
00:03:45entered a new chapter under the
00:03:48leadership of President Prabowo Subianto and Vice President Gibran
00:03:51Rakabuming Raka. Economic consolidation continues
00:03:54to be encouraged, domestic sectors are strengthened, productive
00:03:57investment is increased, and it also reinforces economic
00:04:01independence.
00:04:03The results are now reflected in positive
00:04:06figures. In the first semester of
00:04:10is called separated 2026, Indonesia's economy grew by
00:04:125.45%.
00:04:14Investment realization even reached more than 1
00:04:17quadrillion. However, growth is not just
00:04:21a number. The government is now directing the economy towards a more
00:04:25independent management of state wealth, downstreaming, and
00:04:28investment that...
00:05:10as I mentioned
00:05:13Red and White Cabinet of President Prabowo and Vice President
00:05:16Gibran.
00:05:19Earlier, at the opening, Mr. Tomi, I
00:05:23heard that Q1
00:05:252026. But if we want to talk about two years, let's
00:05:29flashback two years to what happened two years
00:05:33ago? I even want to say
00:05:37that two years ago, even the government of Prabowo
00:05:40and president President Prabowo and Vice President Gibran
00:05:44have even started working
00:05:47even before being inaugurated,
00:05:50a very smooth transition
00:05:59an extraordinary smooth
00:06:02transition,
00:06:05and then the President conveyed
00:06:08many of his visions, and
00:06:11then... We, in
00:06:13the ministries, especially the Ministry
00:06:17of Finance, must ensure that the transition
00:06:21is smooth. What kind of transitions?
00:06:25One, organizational transition,
00:06:29not only the organization of the Ministry of Finance but also other ministries.
00:06:32If the organization
00:06:35ensures the transition of human resources,
00:06:39ensures the transition of its budget, ensures...
00:06:42the transition of state-owned assets and this we
00:06:46prepared even before
00:06:49President Prabowo was inaugurated.
00:06:53The transition was so smooth.
00:06:57The head of BGN, the formation of the National Nutrition Agency,
00:07:01was carried out during the previous government.
00:07:04Internally, the Ministry
00:07:07of Finance, we received a Deputy Minister of Finance
00:07:11since the previous government. This
00:07:15is an extraordinary transition. Well,
00:07:18if we want to talk about two
00:07:25carried out a good transition,
00:07:28and then 2025 enters the year
00:07:322025, what about the fiscal? President
00:07:36Kudus said that there is a lot that needs to be improved,
00:07:39efficiency in the state budget. We
00:07:43did it in January
00:07:49an order at that time to make budget
00:07:53a caliber of 306
00:08:00news. Two years ago it was like that.
00:08:04The impression is cut, cut, cut, cut, cut
00:08:07the budget, but actually behind the budget cuts
00:08:11there is... a fundamental
00:08:14foundation to make
00:08:17the state budget more impactful
00:08:20for the community so that
00:08:24this efficiency can be used for flagship
00:08:27programs for the people.
00:08:31And this happened with
00:08:35economic growth remaining at 5.11%,
00:08:38inflation in 2025 2.9
00:08:422.9% and so on. On this occasion, we look at
00:08:46the reflection of these two years, we see the big picture of our
00:08:49republic, we, I
00:08:52hope that with an understanding of what has happened
00:08:56during these two years, it will be the basis
00:08:59of the perspective that
00:09:03Indonesia works hard, that Indonesia works
00:09:06credibly, forming and
00:09:09between.
00:09:12Increase investment capacity, combine all
00:09:16the strength of
00:09:19state wealth, which
00:09:22state wealth, combine,
00:09:25synergize, make it more efficient,
00:09:28so I am sure later Mr. Doni will describe
00:09:32the areas of efficiency that make Danantara able to work
00:09:36harder, stronger with the
00:09:39state budget, fiscal we always use it
00:09:43as a tool to
00:09:45protect our society from shocks,
00:09:49a shock absorber. Earlier, it was mentioned
00:09:52that Q1 grew by so much, Q2 grew by so much,
00:09:55the first semester as a whole has already grown
00:09:59by 5.45%.
00:10:01We at the Ministry of Finance must find state revenue
00:10:04of 3,435
00:10:07trillion. I ask for support for this,
00:10:10but the state budget will... spend
00:10:134,100 trillion to
00:10:16boost economic activities, build various sectors
00:10:22above. Our deficit is kept at
00:10:252.4%, still below 3%.
00:10:28Even our President himself in two speeches,
00:10:32when presenting the draft state budget and the financial note,
00:10:35always said that we will continue to make
00:10:38our state budget more efficient so that we can
00:10:42become more credible. The state budget must continue to grow and
00:10:46the state budget must continue to protect our
00:10:49society. The tagline that I always echo
00:10:52in recent times is the state budget ( growing,
00:10:56the state budget protecting, and
00:10:59a credible state budget. Such
00:11:02are some reflections of the last two years of the Red
00:11:06and White Cabinet under President Prabowo and Vice
00:11:09President Gibran. Hopefully we can continue
00:11:13our great work for a better
00:11:16Indonesia.
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00:15:21Well, once again, we thank the ladies and gentlemen
00:15:25who have attended our discussion today,
00:15:29of course, discussing a very important topic, how to optimize fiscal policy
00:15:33as stated by the Minister of Finance and also the role
00:15:36of Danantara with the presence of Mr. Doni Oskaria
00:15:40here. I'll go directly to Mr. Doni. If we have heard
00:15:44earlier, sir, how the Minister of Finance's presentation emphasized the importance
00:15:48of adaptive, flexible fiscal optimization,
00:15:51and also as a shock observer. In fact, it was mentioned earlier that Danantara's strategic
00:15:55role in this dual-pronged effort. The question
00:15:58is, sir, how does Danantara position itself to support
00:16:01our macro stability and especially outside
00:16:04the state budget? First, ladies and gentlemen, earlier.
00:16:08We have heard what the Minister of Finance
00:16:11said, because if we don't get the big picture,
00:16:15people tend to always discuss it at a technical and
00:16:18programmatic level. So we must understand the direction
00:16:22of the Indonesian economy under the leadership of President Prabowo
00:16:25Subianto, so that all of society also
00:16:28understands where the economy is headed,
00:16:31before there are also pillars and so on, of course. First
00:16:35of all, ladies and gentlemen,
00:16:38a fundamental transformation of our economic management. This is very
00:16:42important. Well, where does it start? It starts, of course,
00:16:45from our understanding:
00:16:48where will this country be taken? In the economic
00:16:52structure built by President Prabowo
00:16:55Subianto's government, it is very clear that we
00:16:58want to become a developed country. The first thing is,
00:17:02of course, we realize that to become a developed country, the pillars are still
00:17:06incomplete. The first thing is, we believe
00:17:09that there must be a strong human
00:17:12resource capacity to become a developed country. This is important for me
00:17:16to convey so that we do not get caught up in a discourse that
00:17:20is more tactical. Understand the global
00:17:22strategy first. Well, to become a developed
00:17:26country, of course, we must have strong
00:17:30human resource capabilities. And what is the fact? We have
00:17:3419% of our children stunted.
00:17:37This is the fact. Second, we have more than 3 million of our children who do not
00:17:41have access to education. This
00:17:44is the fact. Then, our health level
00:17:48is low. Earlier, the Minister of
00:17:51Finance mentioned this. Then the program emerged: how the government
00:17:54intervenes to reduce these
00:17:57numbers. First, the MBG
00:18:01program emerged. So we must see that the program
00:18:03is aimed at reducing our high stunting
00:18:07rate. There is a high
00:18:10objective. That's one.
00:18:14Second, we also realize that many people do
00:18:18not have access to education. For the
00:18:20government, this is very important: how we break the chain
00:18:24of poverty and become a developed country if education is not a priority for
00:18:28us. Then the government began building public schools.
00:18:31These public schools, as mentioned by the Minister of Finance, aim
00:18:35to provide good education for
00:18:37all Indonesian people in accordance with Article
00:18:4034. These public schools, for the first time
00:18:44in this government, ensure that all of the poorest
00:18:47people must attend school from elementary to
00:18:50high school, dormitories are provided, food is provided,
00:18:54teachers are provided, education is provided,
00:18:57smartboards are provided in all schools, improving our schools,
00:19:01then creating excellent schools with
00:19:04good standardization, there is the Garuda school. Yes,
00:19:08then also standardizing the curriculum
00:19:11according to international standards. So
00:19:13that we understand, this is the big picture. Number
00:19:17one, to become a developed country, we must have capabilities
00:19:21in human resources. Then we also must
00:19:24realize that if our stunting rate
00:19:28can be reduced, then we can provide
00:19:31education. If there is something related to health, the government
00:19:35must also be present. That's why it was done earlier. Mr. Sasir
00:19:38mentioned there is a program to provide free health
00:19:41checks, improvements to
00:19:44our Puskesmas (community health centers), improvements to our
00:19:48regional general hospitals, opening medical
00:19:51schools, and also increasing the salaries of
00:19:55doctors, which we just heard from the Minister of Health. So we
00:19:58must look comprehensively, we cannot get caught up in
00:20:02discussing only at the technical level.
00:20:05Implementation is one thing. But we must look at the global
00:20:09perspective. Now, the second thing is,
00:20:13where does the funding come from? It's by
00:20:15trimming
00:20:18expenses or expenditures that are not effective. This also
00:20:22needs to be conveyed to the public. Many assume that
00:20:25these programs are financed by
00:20:28debt or new funds, but that is not the case, ladies
00:20:32and gentlemen. The financing of these programs is done by
00:20:34trimming all of our expenditures
00:20:38that are not on target, as mentioned by the Minister of Finance, and there are
00:20:41many more that perhaps not many people realize that
00:20:44subsidies and compensations issued by the government
00:20:47every year amount to almost
00:20:51900 trillion, and many of them are not on
00:20:54target. LPG,
00:20:57subsidized diesel, subsidized electricity,
00:21:00and compensation. This is also a lot, and this is a task for
00:21:04what is being done to trim. This should be used
00:21:07for more effective programs that think
00:21:11about the future of our nation. Earlier, trimming
00:21:15revenues or expenditures was done in order
00:21:18to finance programs that are effective.
00:21:22Then we also increase revenue by closing
00:21:25loopholes, too much under
00:21:28invoicing, transfer pricing. If we
00:21:32can close this, ladies and gentlemen, the revenue will also
00:21:37used to finance
00:21:40programs that are long-term
00:21:44oriented to make Indonesia a developed country. We want
00:21:47to change our economic base from commodity
00:21:51based to industrial base
00:21:54economy. This is where the role of
00:21:57Indonesia's funds comes in. The role of Indonesia's funds is to trigger and encourage
00:22:01a lot of investment. This year we invested 225
00:22:04trillion in downstreaming, which we hope will open up new
00:22:082027 we hope
00:22:11that the total of our state budget investment needed to reach
00:22:156% is 1,200 trillion. So, as mentioned by
00:22:18the Minister of Finance, this role will become...
00:22:21So how is the pattern? Later, perhaps we can discuss it in more
00:22:25detail. I will explain how our program encourages
00:22:28this investment, and is everything funded by the government?
00:22:32No. Friends, you can imagine, if we can save 200
00:22:35trillion today from various ineffective
00:22:39expenditures and we use that to finance
00:22:42programs, if we multiply it by 10, we have 2,000
00:22:46trillion that we can use for programs with
00:22:48KPBU (Public-Private Partnership), which we will pay in installments
00:22:52over 10 years. So this is it, friends,
00:22:56the transformation of our economic management going forward
00:22:59is very fundamental. This is what all Indonesian
00:23:03people must understand.
00:23:09Presented
00:23:10by.
00:23:14Supported
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00:28:04Supported
00:28:05by.
00:28:10trimmed and also ensured to be more effective, one of those subsidies
00:28:14also targeted a stimulus
00:28:18or for labor-intensive industries. I'll go to Mrs.
00:28:22Sinta. If Mrs. Sinta looks at it, is the blend of fiscal strategy
00:28:25that was mentioned by Mr. Menyu, then Danantara's strategy that
00:28:29has been running so far, is this enough to provide a sense
00:28:32of optimism for business actors or maybe there is another more effective strategy?
00:28:36Actually, if we look from
00:28:39the sectoral side, maybe I always talk about
00:28:43the conditions on the ground.
00:28:46presented by Mr. Doni was very good, the role of
00:28:49Danantara and how it can help to continuously
00:28:53support government priority programs and economic growth. However,
00:28:57perhaps from the current sectoral conditions,
00:29:00especially in, we see that indeed
00:29:04if we reflect on the last two years, I remember last year
00:29:08I also sat with Metto TV to review what the first
00:29:12year was like. What is actually the difference in these
00:29:15one or two years? So,
00:29:19perhaps if we look at it from the perspective of its economic growth, we
00:29:22remain consistent, right? still above
00:29:265%. Now, then, what
00:29:29has become perhaps a very, very important factor is that the
00:29:32priority program has been running from the beginning, but perhaps what has become
00:29:36an important factor for change is indeed
00:29:39the geopolitical
00:29:41conditions, meaning the global conditions,
00:29:45right? Where, of course, this greatly affects
00:29:48the sectoral as well. So, why am I saying this? Because
00:29:52our economic growth has
00:29:55actually remained stable if we look at
00:29:58it, it has increased by itself, but this achievement
00:30:02remains at 5%, but what
00:30:05is happening on the ground in the sectoral? Now, this
00:30:08might be the main problem because
00:30:11the stimulus was given by the
00:30:14government, but is that enough to be able
00:30:18to move the sectoral, especially the labor-intensive sector? Now, I
00:30:21want to give several important aspects. First, if we
00:30:25look at the current conditions,
00:30:29indeed, what has become a very important factor right now
00:30:32is from the aspect of, if we talk about supply, it is
00:30:36the limitation of raw materials. This is very crucial, and
00:30:39this limitation of raw materials we see
00:30:43from the side of not only the accessibility of the amount
00:30:47of raw materials but also from the aspect of
00:30:50price. So, from the aspect of the factor of significant
00:30:54tariff increases, then
00:30:57we also look at the aspect of logistics.