Investor Presentaiton
Government Budget Is Flexible To Respond To The Uncertainty
National Economic Recovery (PEN) program was initiated to respond to the COVID-19 pandemic as well as to
stabilize and stimulate the economy;
2020: Extraordinary Policy
2021: Pandemic Handling & Recovery
2022: Accelerating Economic
Recovery & Reforms
Covid-19 timeline
Covid-19 as
pandemic & Large
social restriction was
1st case
covid-19
confirmed
in Indonesia
declared
Several
1st stage of
vaccination rolled
out and PPKM was
region
loosened the
imposed
Emergency
PPKM was
imposed
Delta Varian'
confirmed in
Indonesia
'Omicron Variant'
confirmed in
Indonesia
mobility
restriction
Fiscal
Initial
Feb-20
Mar-20
Apr-20
Deficit
(%GDP)
Budget
-1.76
FEB-APR APR
-5.07
1st adjustment 2nd adjustment
in early stage development of
of pandemic
May-20
Jun-20
due to
Jul-20
Aug-20
100,000 cases
confirmed
pandemic
-6.34
JUN
National
Initial
measures to
Formalized PEN
through
Reallocating and
refocusing budget.
Realization:
Economic
Recovery
(PEN)
mitigate
pandemic risk
PP23/2020
Sep-20
Oct-20
-6.14
-5.7
JUL-DEC
DEC
JAN
Nov-20
Dec-20
Realization Budget
for 2020 2021
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
JUL
Nov-21
Dec-21
Jan-22
Realization
for 2021
-4.65
Feb-22
Mar-22
Budget
2022
-4.85
2022
FEB-MAR
IDR
IDR
405.1 T
IDR
575.2 T
403.94T
PEN continue
in 2021
IDR
The amount
increased due to
surging cases and
vaccination program
IDR
699.43T
PEN is strengthened due to
the new wave, for social
protection expansion and
hospital costs
Realization
for 2021
IDR
744.75 T
IDR
658.6 T
PEN will continue and adjusted
to pandemic development,
which focused on health, social
protection and strengthening
economic recovery
IDR
455.6 T
695.24 T
Source: Ministry of Finance
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