Indonesia's COVID-19 Vaccination and Economic Resilience Strategy
The 2022 Budget Is Able To Effectively Reduce Economic Turbulence And
Promote Faster Economic Recovery
1
Government spending grew positively (11.9% yoy),
able to stimulate the economy
Government Spending
(IDR Trillion)
2,429.4
11.9%
2
Revenue grew high (36.9% YoY), supported by a stronger
economic recovery and high commodity prices
Government Revenue
(IDR Trillion)
1,812.0
36.9%
2,717.6
■ Economic growth
remains strong
■ Inflation is
•
•
2021
*
2022
Line and Ministries spending reached IDR 954.4 T for
the distribution of social assistance, National Economic
Recovery programs to the community, construction of
roads, networks, irrigation, and bureaucratic operational
activities.
Non-Line Ministries' spending reached IDR 1,013.5 T for
subsidies, fuel and electricity compensation, and health
insurance.
Transfer to Region reached IDR 749.7 T to support public
services and infrastructure in the regions.
relatively low,
purchasing power
is maintained
Poverty fell to
9.54%
A new workforce
was absorbed as
of August: 4.2
million people
Source: Ministry of Finance
Note: *realization up to 14 December 2022
2,479.9
2021
2022*
3
Smaller deficits, faster fiscal consolidation
Deficit Realization (% GDP)
*
2021
2022
-3.64
-1.22
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