Jakarta (ANTARA) – Minister of Finance Purbaya Yudhi Sadewa expressed confidence that Indonesia’s economy will enter a phase of healthy expansion over the next seven to ten years, or at least through 2033.“Our prospects will be good this year. We will try to push (economic growth) to 6 percent. Over the next 10 years, we appear to be entering a healthy expansion phase. We can sustain that expansion through 2033,” Purbaya said after attending the Indonesia Economic Outlook 2026 event at Wisma Danantara in Jakarta on Friday.Alongside the expansion phase, he projected that more employment opportunities would be created. He emphasized that the optimistic economic outlook could be achieved by prioritizing prudent fiscal management.The government will encourage measured state spending while ensuring that the fiscal deficit-to-GDP ratio remains below the 3 percent threshold. In addition, the debt ratio will be maintained at a stable level and gradually reduced.“I think when the economy improves, our tax and customs revenues will also improve, allowing us to gradually bring down our debt,” he said.During a panel discussion, Purbaya explained that economic cycles generally move from expansion to recession and then back to expansion. The expansion phase typically lasts seven to ten years, followed by a recession of about one year before growth resumes.He noted that Indonesia experienced an expansion phase from 2009 to 2020, before entering a recession due to the COVID-19 pandemic, and is now back in an expansion phase.The leading economic index (LEI), which projects economic direction six to 12 months ahead, had declined but in recent months has begun to show an upward trend, he said.Meanwhile, the coincident economic index (CEI), which reflects current economic conditions, has also started to rise.According to Purbaya, the increasing gradient in both indices indicates that the economy is set to enter a phase of faster growth.With the right policy direction and management, he expressed optimism that the momentum could continue through 2033.He also urged the public not to worry about the medium-term economic outlook.“It appears we have a strong possibility of steering Indonesia’s economy toward a Golden Indonesia, not a bleak Indonesia,” he concluded.