Jakarta, Oct. 1 -- Finance Minister Purbaya Yudhi Sadewa expressed confidence and optimism that Indonesia's economic growth could reach 5.5 percent by the end of 2025, supported by various sectors, including the property sector.

"I think growth is happening across the board. What's certain is that public spending will increase rapidly, and the property sector will perform well," Sadewa said in response to journalists' questions at the Indonesian Presidential Palace, Tuesday (September 30).

He added that the government has encouraged banks to lower credit or financing interest rates by placing Rp200 trillion (approximately US$11.9 billion) in government funds from Bank Indonesia into five state-owned banks: Bank Mandiri, BNI, BRI, BTN, a...