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Prabowo pledges economic ‘transformation’ at Pancasila Day speech 

Yvette Tanamal (The Jakarta Post)
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Tue, June 2, 2026 Published on Jun. 1, 2026 Published on 2026-06-01T19:14:58+07:00

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President Prabowo Subianto delivers his speech on June 1 during a ceremony at the Foreign Ministry’s Pancasila building to celebrate the birth of Pancasila, in Jakarta. President Prabowo Subianto delivers his speech on June 1 during a ceremony at the Foreign Ministry’s Pancasila building to celebrate the birth of Pancasila, in Jakarta. (Antara/Bayu Pratama S)

P

resident Prabowo Subianto on Monday described his flagship policies as manifestations of the country's founding ideology Pancasila, declaring a need for an economic transformation based on national unity, welfare, justice and humanity.

Delivering his speech at a ceremony at the Foreign Ministry’s Pancasila building to celebrate the birth of Pancasila 81 years ago, Prabowo said it is his duty as president to resolve the dissonance between Indonesia’s economic growth in the past few decades and the lagging welfare of its broader population.

“We must acknowledge that our wealth has not been fully harnessed for the prosperity of our own people. For far too long, a portion of the added value of our resources has been enjoyed abroad,” he said.

To transform the economy, Prabowo said his policies would prioritize welfare, pointing to much debated populist policies, such as the free nutritious meal and rural cooperative programs, as key drivers of grassroots economic growth.

Prabowo, whose victory in the 2024 presidential election hinged on a populist, welfare-focused campaign, has positioned his free meals program as the cornerstone of his administration’s agenda, aiming to improve Indonesia’s human capital by reducing stunting through the delivery of over 55 million free school meals daily. 

The program has however drawn widespread controversy, with its Rp 268 trillion (US$15.03 billion) budget perceived as sumptuous amid statewide efficiency measures, as well as implementation issues that have caused at least 33,000 poisoning cases since its launching.

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