Indonesia Monitors Global Dynamics for Fiscal Policy Adjustments

Jakarta – The Indonesian government is closely monitoring global developments to inform potential adjustments to its fiscal policy, Cabinet Secretary Teddy Indra Wijaya announced on Monday, March 16, 2026. The announcement followed a Budget Efficiency and Optimization Coordination Meeting held at the Coordinating Ministry for Economic Affairs.

Coordination Meeting Details

The meeting, chaired by Coordinating Minister for the Economy Airlangga Hartanto, brought together key economic ministers and agency heads. Attendees included Minister of Finance Purbaya Yudhi Sadewa, Head of the National Nutrition Agency (BGN) Dadan Hindayana, Minister of Investment and Head of Danantara Management Agency Rosan Roeslani, and Minister of National Development Planning/Bappenas Rachmat Pambudy.

Focus on Budget and Global Impact

According to Cabinet Secretary Wijaya, discussions centered on potential government plans and readjustments to existing ministry and institutional budgets. A key focus was understanding how global economic dynamics might influence Indonesia’s fiscal policy.

“The government will continue to monitor developments in the global situation dynamically before making further fiscal policy decisions,” Wijaya stated.

Background on Key Figures

Teddy Indra Wijaya was appointed Cabinet Secretary in October 2024, having previously served as an aide to both President Joko Widodo and Minister of Defence Prabowo Subianto. Lieutenant Colonel Wijaya, born in 1989, brings a military background to the role. President Prabowo Subianto appointed him to the position in the Red and White Cabinet. He was officially inaugurated on October 21, 2024, based on Presidential Decree Number 143/P of 2024.