RRI.CO.ID, Yogyakarta – Indonesia's Finance Minister, Purbaya Yudhi Sadewa, reaffirmed the government’s commitment to encouraging private sector participation in driving the domestic economy. He made these statements while attending a series of events at the Jogja Financial Festival 2026, held at the Jogja Expo Center in Yogyakarta on Friday, May 22, 2026.

The Finance Minister served as a speaker during a discussion session and engaged in direct dialogue with national business leaders. Various issues were discussed, ranging from the national economic situation, challenges in the global financial sector, strengthening entrepreneurship, to the importance of fostering optimism and competitiveness among Indonesia’s youth amidst the dynamics of the global economy.

Purbaya stated that the domestic economic cycle does not rely solely on government spending. He emphasized that the role of the private sector is also essential.

“In addition to government spending, we are also mobilizing the private sector, so that both engines, the private sector and the government, are running. The private sector must be revitalized; we need to improve the investment climate, one of which is through the Debottlenecking Task Force,” he said, as quoted from the Ministry’s website.

He explained that the government will focus on maintaining the country’s fiscal balance without burdening the public with new tax rates. In his view, strong economic growth will make the public more willing to contribute to the state.

“We have achieved fiscal sustainability, and the tax system is now also better. I will not raise tax rates, but I will improve the economy so that people will pay taxes willingly. The deficit will not increase, but our economy will grow faster because we can manage the budget more efficiently and encourage private-sector participation,” Purbaya said.

The Jogja Financial Festival 2026 is a collaboration between the Ministry of Finance, Bank Indonesia, the Financial Services Authority, and the Deposit Insurance Corporation aimed at strengthening financial literacy and inclusion among the public, particularly the younger generation. The event features various educational and interactive programs, such as financial talk shows, investment education sessions, and a job fair.

Additionally, the festival serves as a platform for collaboration among regulators, academics, industry players, and the public to build an inclusive and sustainable financial ecosystem and promote improved financial literacy in Indonesia.