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Thursday, 04 June 2020 14:25

The Government Will Change the 2020 State Budget Posture due to Covid-19

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photo : setkab

 

The  Indonesian economic recovery  during the Covid-19 pandemic continuously becomes  a concern of the Indonesian government.  President Joko Widodo has ordered his aides to immediately form a national economic recovery scheme affected by the pandemic. In a Limited Cabinet Meeting at the State Palace in Jakarta  on Wednesday (03/6 ), President Joko Widodo approved to have received reports  of various steps to handle the pandemic and economic recovery that give  the consequence of additional spending which has implications for the increased state budget deficit. He reminded his ministers to precisely calculate  the  change plan of  the state budget posture.

“...Related to the 2020 State Budget Posture Changes, I got a report of various Covid-19 handling and economic strategic recovery that have additional consequences of the spending and which increase the implications of the state budget deficit. I asked the Coordinating Minister for Economic Affairs, Minister of Finance, Board of National Development Plan (Bappenas) to calculate more carefully, more details, more accurately towards various fiscal risks ahead. I want the pressure of the changes of the state budget to be carried out cautiously, transparently, and accountably so that the 2020 state budget can be maintained, trusted and it keeps being credible.” President said. 

Meanwhile  related to  the 2020 state budget posture changes, Minister of Finance Sri Mulyani Indrawati explained that the government will hold a number of steps according to President Joko Widodo's direction and input from the DPR RI Budget Board and the House of Representatives Commission XI. She also stated  that in the 2020 state budget changes, the government would take a number of changes and corrections to many things. Minister Sri Mulyani added that the government will make corrections to state revenues from Rp1, 760.9 trillion to Rp1, 699.1 trillion. (Ndy-Trans by AF)

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