Indonesia Rolls Out $762 Million Ramadan Stimulus to Boost Economy During Eid Season
February 17, 2026
Indonesia announced a 12.83 trillion rupiah (US$762 million) stimulus package to support its economy during Ramadan. The package includes fare cuts and food handouts designed to encourage travel and shopping despite rising food prices and weaker purchasing power. Coordinating Economic Affairs Minister Airlangga Hartarto said on February 10, "The package was meant to increase mobility and maintain people’s purchasing power … to make a positive contribution to national economic growth." Officials hope this move will strengthen early-year economic momentum. Hartarto added, "Our target is to boost the economy because the first quarter is important." Ramadan, expected to start this week, leads up to Eid ul-Fitr in late March. It is Indonesia’s peak consumption period, featuring gatherings to break fast, shopping for new clothes, and the annual mudik homecoming when millions travel to their hometowns.
Read More at Scmp →
Tags:
Indonesia
Ramadan Stimulus
Economic growth
Consumer spending
Airlangga Hartarto
Eid Ul-Fitr
Comments