The government will launch an economic incentive policy package on June 5, 2025, to boost economic activity and purchasing power. The package includes six incentives: subsidies for the purchase of electric motors, food aid, wage subsidy assistance (BSU), discounts on JKK dues, discounted electricity tariffs, and discounts on airplane tickets and toll rates.
Responding to this, Economist and Lecturer at the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), Wisnu Setiadi Nugroho, Ph.D., stated that the policy is needed in the short term to maintain growth momentum.
“I think this policy is needed in the short term. The effect of budget efficiency has begun to be felt, so a boost is needed to ignite growth and the economy, especially through domestic consumption,” said the lecturer at the Economics Study Program of FEB UGM.
However, Vishnu reminded us of the importance of preparing a long-term strategy so that the impact of policies is more sustainable. He highlighted the need for policies to encourage investment, maintain people’s purchasing power, and create healthy financial growth.
“We need to think about policies that are more long-term in nature. For example, so that investment grows, purchasing power is maintained, and financial growth is sufficient,” he added.
The six incentive packages are expected not only to be a temporary stimulus but also part of an economic policy framework that can address the national economy’s structural challenges.
Report by: Kurnia Ekaptiningrum
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