Jakarta, January 2, 2025
Author: Guruh Sugeng, MSE.MH Platform: Kompasiana
Minister of Finance Sri Mulyani Indrawati opened the 2025 trading year at the Indonesia Stock Exchange (BEI) by delivering several key points regarding the economic conditions of Indonesia and the world throughout 2024. In her speech, Sri Mulyani stated that 2024 was not an easy year.
"The first semester of 2024 was under significant pressure," she revealed. She explained that tax revenues, both from individuals and corporations, experienced a substantial contraction in the first semester of 2024. However, starting in August in the second semester, conditions began to improve.
"The global economic condition influenced by the U.S. elections and the situation in the Middle East also affected Indonesia's economy," Sri Mulyani added. Furthermore, political drama in several countries due to budget disagreements, such as in France with the change of prime minister, the UK, and Germany, also had a significant impact.
Sri Mulyani also highlighted President Prabowo's working visit to review the 2024 year-end financial statements at the Ministry of Finance. Reports related to the 2024 State Budget (APBN) showed that the conditions in the second semester were much better compared to the first semester. "The second semester of 2024 grew better than the previous year," she stated.
Sri Mulyani mentioned that the 2024 State Budget was considered healthy, safe, and a provision for facing 2025. "Maintaining the economy is not the responsibility of a single institution, but a collaboration between the Ministry of Finance, Bank Indonesia, OJK, and LPS," she concluded. 
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