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Indonesia charts 5.61 pct growth in Q1 2026, highest since Q3 2022

Yogyakarta (ANTARA) – Finance Minister Purbaya Yudhi Sadewa stated that Indonesia's economic growth in the first quarter of 2026 reached 5.61 percent year-on-year, the highest growth rate since the third quarter of 2022.Speaking in Yogyakarta on Friday, he explained that this growth was driven by robust household consumption, strong investment, and increasingly efficient and productive government spending.”This is also a result of our ability to manage the budget more efficiently while ensuring the private sector remains vibrant,” he said during the opening of the 2026 Jogja Financial Festival at the Jogja Expo Center (JEC).According to the minister, this growth fuels optimism about the national economy, which remains highly resilient.Purbaya noted that this resilience is reflected in various economic indicators that have continued to grow, including the consumer confidence index, motor vehicle sales, fuel consumption, electricity sales, and domestic cement consumption.Meanwhile, Yogyakarta Sultan and Governor Hamengkubuwono X noted that the current biggest challenge is no longer just expanding financial access, but ensuring that this access truly empowers the public, rather than trapping them in impulsive consumption, digital algorithms, or debt.”Money is indeed important. The financial system is certainly important. But money must not become the ultimate goal of all our endeavors. It must remain a means to dignify life,” he said.Therefore, amid the rapid financial digitalization and a rampant culture of consumerism, he urged the public – particularly the younger generation – to reclaim the spirit of “Gemi, Nastiti, Ngati-ati” as a foundation for financial literacy rooted in cultural wisdom.The governor noted that this Javanese philosophy is increasingly relevant in today's digital economy. Gemi is defined as the ability to curb consumption for the sake of long-term goals.Meanwhile, Nastiti represents meticulousness in making financial decisions, and Ngati-ati signifies vigilance against financial risks that are often hidden behind the convenience of digital services.”Financial literacy requires not only access and technology, but also the ability to practice self-control, understand risks, and maintain dignity in every economic decision,” he remarked.