2022 State Budget and Fiscal Incentives Presentation
Flexible Budget As Countercyclical Instrument To Respond The Uncertainty
Fiscal deficit was adjusted and PEN was enacted to respond to COVID-19 development as well as to stabilize
and stimulate economy
Covid-19 timeline
Covid-19
declared as
outbreak
Covid-19 as
pandemic &
Large social
restriction was
declared
1st case in
Indonesia
confirmed
President
announces
'new normal' 100,000 cases
confirmed
phase
Several
region
loosened the
1st stage of
vaccination
rolled out and
PPKM was
imposed
mobility
restriction
Emergency
PPKM was
imposed
'Delta Varian'
confirmed in
Indonesia
Feb-20 Mar-20 Apr-20
May-20 Jun-20 Jul-20
Aug-20
Sep-20 Oct-20 Nov-20 Dec-20 Jan-21
Feb-21 Mar-21 Apr-21
May-21 Jun-21 Jul-21
Aug-21 Sep-21
Fiscal
Deficit/
GDP
(%)
Initial Budget
1st adjustment in
early stage of
pandemic
Readjusted due to vast
development of pandemic
-1.76 -5.07
FEB-APR APR
-6.34
JUN
Realization for
2020
-6.14
Budget
2021
-5.7
Realization for Budget
2021
-4.65
2022
-4.85
JUL-DEC
DEC
JAN
FEB-MAR
JUL
DES
2022
Formalized PEN
through PP23/2020
Reallocating and
refocusing budget.
PEN continue in The amount increased
2021 due to surging cases and
vaccination program.
National
Initial measures
Economic
to mitigate
pandemic risk
Realization:
Recovery
(PEN)
IDR 405.1 T
IDR 695.24 T
IDR 575.2 T
IDR 403.94T IDR 699.43T
2020: Extraordinary Policy
PEN is strengthened due to the
new wave, for social
protection expansion and
hospital costs
IDR 744.75 T
Realization for
2021
IDR 658.6 T
2021: Pandemic Handling & Recovery
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