Jakarta, Sept. 23 -- Finance Minister Purbaya Yudhi Sadewa is adopting the Sumitronomics economic development concept to help achieve Indonesia's target of 8 percent economic growth by 2029.

The concept, developed by Indonesian economist Sumitro Djojohadikusumo-the late father of President Prabowo Subianto-focuses on three main pillars: high economic growth, equitable development, and dynamic national stability.

In his speech at the fifth plenary session of the House of Representatives (DPR) on Tuesday, Purbaya acknowledged that the 8 percent growth target is ambitious, but still realistic if the government consistently implements its strategy.

He emphasized that the 2026 Draft State Budget has been designed as a catalyst for growth. ...