Indonesia's Financial System Stability Committee (KSSK), speaking through Finance Minister Sri Mulyani Indrawati at its regular virtual press conference, assessed that national financial system stability remained intact in the first quarter of 2025 despite rising external pressures linked to United States tariff policy and escalating trade-war tensions. The committee agreed to strengthen coordination across authorities to reinforce risk-mitigation policies and safeguard domestic economic stability. The update referenced the IMF’s April 2025 World Economic Outlook, which cut the 2025 global growth forecast to 2.8% from 3.3%, alongside a revision to Indonesia’s growth projection to 4.7% from 5.1%. On policy responses, the government is pursuing negotiations with the United States and accelerating deregulation, including the removal of non-tariff barriers. Domestically, first-quarter budget performance was described as well maintained, with a deficit of IDR 104.2 trillion (0.43% of GDP), a primary surplus of IDR 17.5 trillion and a cash surplus (SILPA) of IDR 145.8 trillion; tax revenue reached IDR 400.1 trillion (16.1% of the annual target), with March tax receipts rising to IDR 134.8 trillion, while state spending totalled IDR 620.3 trillion (17.1% of the annual ceiling), including IDR 272.2 trillion in March. KSSK, comprising the Ministry of Finance, Bank Indonesia, the Financial Services Authority (OJK) and the Indonesia Deposit Insurance Corporation (LPS), said it will continue developing implementing regulations for the P2SK Law to strengthen the financial sector, alongside ongoing stakeholder engagement and coordination with other countries to address domestic market volatility and spillovers from regional and global dynamics.

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