Key insights and market outlook
The Indonesian government is targeting Rp120 trillion in consumer spending during the Christmas 2025 and New Year 2026 (Nataru) holiday period. This projection is based on various shopping programs running from December 2025 to early January 2026, including discounts on transportation tariffs, Harbolnas (National Online Shopping Day), Belanja di Indonesia Saja (BINA) program, and Epic Sale promotions in minimarkets throughout December.
The Indonesian government has set an ambitious target of Rp120 trillion in consumer spending during the Christmas 2025 and New Year 2026 (Nataru) holiday period. This financial projection is backed by a series of strategic shopping programs scheduled between December 2025 and early January 2026. Coordinating Minister for Economic Affairs Airlangga Hartarto revealed that the total spending target encompasses various promotional events and discounts across multiple sectors.
The government's initiative to stimulate consumer spending through these programs demonstrates a proactive approach to maintaining economic momentum during the year-end period. By combining transportation discounts, online shopping promotions, and in-store sales events, the government aims to create a comprehensive stimulus package that benefits both consumers and businesses.
If achieved, the Rp120 trillion spending target would significantly contribute to the country's economic performance during the fourth quarter of 2025 and potentially set a positive tone for early 2026. The success of these programs could also provide valuable insights for future economic stimulus initiatives.
Year-End Spending Target Rp120T
Multiple Promotional Programs
Economic Stimulus Initiatives