Despite the various difficulties that have occurred in recent years, which include the Covid-19 pandemic, the outbreak of the Russia-Ukraine war, the global economic slowdown, disruption of world supply chains, and high energy prices, Indonesia has been able to overcome these various challenges quite well. Several economic achievements should be appreciated. These achievements include Indonesia's success in reducing the budget deficit according to the target a year faster than mandated by law, returning inflation to BI's target range, continuing the 5% growth trend in the last six quarters amidst high global uncertainty, a stable and performing Rupiah. well, and is able to carry out various policy reforms before entering the political cycle. Supported by these various factors, Indonesia has sufficient capital to face economic risks in the short and medium term arising from the global economic slowdown, falling commodity prices, continuing structural reforms, and the potential to achieve 'high income' country status.

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