Indonesia's COVID-19 Vaccination and Economic Resilience Strategy
Budget Financing Growth
IDR Trilion
1193.3
402.1
31.5
196.8
871.7
840.2
-3.6
-26.9
2019
2020
2021
2022*)
Financing
Growth (%)
*) Perpres 98/2022
Source: Ministry of Finance
2019
Consistently implementing
expansionary fiscal policy, but
always controlling the budget
deficit within safe limits and within
the level of risk appetite.
Prior to the Covid-19 pandemic,
budget financing had been
successfully reduced by IDR 402.1
trillion
2021
The 2021 Outlook budget deficit
continue gradually decrease,
through the implementation of
fiscal consolidation and budget
refocusing
2020
There was a widening of the
budget deficit above 3% of GDP
along extraordinary steps in
dealing with the Covid-19
pandemic in 2020
Budget financing increased to
finance the widening of the deficit
related to spending on the Covid-
19 pandemic
2022
Debt financing targets to be under
control and decline with fiscal
consolidation and budget
refocusing
Continuing coordination with Bank
Indonesia in fulfilling financing
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