Indonesia Targets 8 Percent Economic Growth by 2029, Boosts Export Programs

RRI.CO.ID, Gresik – The Indonesian government has set an ambitious target of achieving 8 percent economic growth by 2029. To reach this goal, officials stress that growth cannot rely solely on household consumption, which has long been the main driver of the economy. Expanding exports is seen as a crucial pillar.

“To support this, the Ministry of Finance through the Indonesian Export Financing Agency (LPEI), also known as Indonesia Eximbank, has launched the Special Export Assignment (PKE) program,” Director of State Financial Risk Management at the Directorate General of Financing and Risk Management, Tony Prianto, said during a media visit in Gresik, East Java, on Sunday, April 19, 2026.

The program, first introduced in 2021, will continue until 2029. “The government sees several export sectors that need to be developed, but industries require government support to enter these markets,” Tony explained.

He added that beyond PKE, the government is preparing additional fiscal facilities to complement the program. “This will help Indonesia compete more effectively in global export markets,” he said.

With these measures, the government hopes to meet its 8 percent growth target. Indonesia’s trade balance remains positive, with efforts underway to strengthen exports while reducing imports.

At the same event, Indonesia Eximbank’s Managing Director for Business II, Sulaeman, noted that PKE is funded through state capital injections (PMN). “The PMN allocation for PKE amounts to IDR 13.7 trillion (USD 797.85 million). Of this, IDR 13 trillion has already been disbursed, generating more than IDR 37 trillion in export foreign exchange,” he said.

The program has supported 270 exporters shipping to 90 countries, covering more than 30 types of commodities and generating IDR 742 billion in profit. “PKE delivers extraordinary development impact. Every rupiah invested can yield three times the benefit,” Sulaeman added.

The Special Export Assignment encompasses six programs and three project-based initiatives. The six programs include support for exports to non-traditional markets such as the Middle East and Eastern Europe, trade financing, the transportation equipment industry, pharmaceuticals and medical devices, as well as guarantees and insurance.

The three project-based initiatives cover the aviation industry and tourism development in the Mandalika Special Economic Zone. (Gusti Panji/Sri Wahyuni)