Key insights and market outlook
The Indonesian government is targeting Rp 110 trillion in spending during the 2025/2026 Christmas and New Year (Nataru) period through various national shopping programs. The target is driven by initiatives such as Hari Belanja Nasional (Harbolnas), Every Purchase Is Cheap (EPIC), and the 'Belanja di Indonesia Saja' campaign organized by Hippindo. These programs aim to boost consumer spending and support local businesses.
The Indonesian government is optimistic about achieving Rp 110 trillion in consumer spending during the 2025/2026 Christmas and New Year (Nataru) period. This ambitious target is being pursued through a series of coordinated national shopping programs designed to stimulate economic activity and support local businesses.
Several major initiatives are being implemented to reach the spending target:
Minister of Economic Affairs Airlangga Hartarto expressed confidence in achieving the Rp 110 trillion target through these combined efforts. The programs are being executed across various shopping malls nationwide, creating a comprehensive campaign to boost consumer spending.
The government's strategy focuses on both stimulating consumer demand and supporting local retailers. By promoting 'Belanja di Indonesia Saja', the government aims to keep consumer spending within the country, thereby supporting domestic businesses and contributing to economic growth.
Nataru Spending Target Achievement
National Shopping Campaign Launch