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March 17, 2025 | 12:14 pm
TEMPO.CO, Jakarta - The Institute for Economic and Social Research of the Faculty of Economics and Business, University of Indonesia (LPEM FEB UI) has released a survey report on the effectiveness of President Prabowo Subianto's economic policies during the first 100 days.
The survey sample consisted of 42 economic experts from various backgrounds, such as higher education institutions, research institutions, think tanks, private sector, and multinational organizations. Respondents were from across regions in Indonesia and abroad to represent domestic and international perspectives.
The survey results show that the majority of respondents do not see Prabowo's administration's economic policies as effective in boosting economic growth. "The new government's economic policy direction in the first 100 days is widely perceived as ineffective," wrote LPEM UI in the report LPEM Economic Experts Survey Semester I 2025, on Sunday, March 16, 2025.
Of the 42 respondents, 36 experts rated the Prabowo-Gibran economic policies negatively. Twenty-one respondents felt the policies were ineffective, and 15 others considered them very ineffective. Only 2 people saw some effectiveness, and 4 people were neutral. No respondents considered the policies effective. According to LPEM UI, this reflects skepticism towards the Prabowo administration.
Nevertheless, respondents generally rated several policies implemented in the first 100 days of the Prabowo administration as beneficial to the public and the economy. However, most respondents were skeptical about their overall impact.
For example, 40.5 percent of respondents ranked the electricity tariff rebate as the most influential government policy. Meanwhile, the abolition of bad debts for micro, small, and medium enterprises (MSMEs) is an effective policy by 31.0 percent of the respondents.
In addition, 26.2 percent of all respondents said that raising the minimum wage and value-added tax (VAT) policies would be beneficial.
Of the 42 experts who participated in the survey, only 19 percent believed that the free nutritious meal program had a positive impact. Meanwhile, 11.9 percent of the experts saw the three million homes program as beneficial.
Meanwhile, 9.5 percent of the respondents considered Prabowo's decision to join BRICS has an impact on the economy, and free health check-ups by 7.1 percent of the respondents.
According to the LPEM UI report, budget efficiency policies and holiday ticket discounts were considered to have less impact, with each receiving 2.4 percent of the respondents' support.
Not only that, this research institute also reported that 23.8 percent of the respondents believed that none of Prabowo's programs would have positive economic and social impacts.
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