2022 State Budget: Fiscal Policy and Structural Reform
STATE BUDGET REMAINS FLEXIBLE AND RESPONSIVE TO THE DYNAMICS OF COVID-19
As of Dec 24th, the realization of the National Economic Recovery program amounted IDR557.83 T (74.9% of the budget)
The allocation of the 2021 The National Economic Recovery program (IDR774.75 T)
increased compared to the realization of the 2020 (IDR575.2 T)
.
•
HEALTH SECTOR
Budget: IDR214.96 T
Realization: IDR164.33T
(76.4%) of budget
Vaccine Procurement (121.41m
Doses)
•
Medical Facilities and
Infrastructure
•
Treatment costs (580.29
thousand patients)
Incentives (1.26 mllion) & death
compensation for 446 health
workers
Health Insurance Aid for Non-
Wage Workers (34.71m people)
SOCIAL
PROTECTION
•
Budget: IDR186.64 T
Realization: IDR162.97T
(87.3%) of budget
Conditional Cash Transfer (10m
families)
Staple Food Assistance (17.3m
Families)
Pre-Employment Card (5.91m
People)
Cash Transfer (9.99m Families)
& Village Fund Cash Transfer
(5.62m Families)
Internet Subsidy (60.46m
recipient)
Electricity Bill Discount (32.6m
Beneficiary)
Wage subsidy (6.65m Workers)
MSMES AND FIRMS
SUPPORT
•
Budget: IDR162.40 T
Realization: IDR75.84T
(46.7%) of budget
PRIORITY
PROGRAMMES
Budget: IDR117.94T
Realization: IDR91.53T
(77.6%) of budget
•
Tourism Supports
Food Security/Food Estate
Loan Facility for Regional
Govt IDR10T through PT.
SMI
.
Ultra-Micro business assistance
(12.71m businesses)
•
•
Guarantee Fee subsidy for
MSMEs (2.24 M recipient) and
for firms (36 recipient)
.
Liquidity support for the banking
•
sector (IDR 442.19T for 5.43M
Debtors)
Labor Intensive Program
(1.23m workers)
•
Interest subsidy for MSMEs
Other Priority Programs
.
.
credit (6.02m businesses) and
non MSMEs credit (7.2M
businesses)
Capital Injection to HK, Pelindo
III and KIW IDR8.39T
Street vendors support (554.1 th
businesses)
•
BUSINESS
INCENTIVES
Budget: IDR62.83T
Realization: IDR63.16T
(100.5%) of budget
Income Tax subsidy for
employers (81.980) and
MSMES (124,209)
Income Tax Exemption
on Import (9,490
taxpayers)
VAT Refund (2.419
taxpayers)
Tax discount for
Automotive (6 sellers)
VAT discount for
property sector (768
sellers)
Subsidy on Import Duty
(IDRO.15T)
Source: Ministry of Finance
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