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)
photo : kemenkeu
Director General of Fiscal Balance at the Ministry of Finance, Astera Primanto Bhakti stated that there has been a substantial 15.81-percent decline in the income of Indonesia’s 530 regions due to Covid-19 pandemic. As quoted by Antara News Agency during an online discussion in Jakarta on Wednesday (3/6), Astera Primanto explainedthat the average income of 530 regions before the Covid-19 was Rp1,238.51 trillion, while currently, it is pegged at just Rp1,042.69 trillion, a difference of Rp195.82 trillion. So, the correction for income on average is indeed quite deep. Nationally, the regional income has fallen by 15.81 percent. Locally generated income (PAD) is the most depressed component of the revenue, which is down 27.73 percent due to a slowdown in economic activity that has had a direct impact on regional taxes and charges//ANT
photo : indonesiainvestment
The government of Indonesia disbursed funds amounting to Rp52.57 trillion to 12 state-owned enterprises (SOEs) in a bid to expedite the national economic recovery (PEN) program to better cope with pressure from the Covid-19 pandemic. As quoted by Antara News Agency, after a limited meeting chaired by President Joko Widodo from the State Palace in Jakarta, Minister of Finance, Sri Mulyani Indrawati explained that financial support will be offered to 12 SOEs through various schemes, such as payment of subsidies, distribution of social assistance, and state capital injections (PMN). She also remarked that the 12 SOEs were selected based on the consideration that they have a major influence on the lives of people//ANT
photo : tempatwisata
Taman Mini Indonesia Indah (TMII), a cultural-recreational park situated in East Jakarta will limit visitors to one-third of its normal capacity when it reopens under the new normal protocols over Covid-19 outbreak concerns. As quoted by Antara News Agency, Information Manager of Cultural and Tourism of TMII, Diah Tri Irawati stated in Jakarta on Wednesday (3/6) that TMII maximum capacity is 60.000 visitors, and one-third of that would mean 15.000 to 20.000 people and the limitations will apply for all venues. Take for instance; the bird park may allow 400 people per session, compared with its usual capacity of 2.000. During the early phase of the new normal, TMII will not reopen indoor venues, such as the Keong Mas cinema and the waterpark//ANT