Indonesian President Prabowo Subianto said on Friday the country’s food supply was secure, with self-sufficiency achieved on eight food commodities, even as it faces risks of extreme weather this year.

In remarks during his Independence Day speech at a time of falling approval ratings and growing investor scepticism over plans to control commodities exports and other ambitious policies, Prabowo acknowledged Indonesia faced problems, but said those were starting to be resolved.

“I cannot yet say that all the nation’s problems have been resolved, or that every promise I made has been fulfilled. Not yet,” he told parliament.

The former special forces commander took office in October 2024 after a sweeping election victory built on promises to root out corruption, lift economic growth from 5 per cent to 8 per cent and give free meals to millions of children.

But his administration has struggled this year with a depreciating rupiah and a poorly performing stock market, as well as concerns over government overspending and central bank independence, while his flagship free meals programme has been hit by budget cuts and allegations of mismanagement.

The president is scheduled to present next year’s budget in the afternoon.