Investor Presentaiton
Government Measures to Mitigate Covid-19 Risk
Government Regulation In UU 2/2020, Previously Perppu No.1 2020
Regulates two topics: (1) National Budget (APBN) and (2) Financial Sector Policy
National Budget (APBN)
Financial Sector Policy
1.
Relaxation Deficit exceeds 3%, but starting in 2023 it
returns to the maximum level of 3%.
1.
2.
Relaxation is related to the allocation/reallocation of
expenditure between institutions, between functions, and
between programs and mandatory spending.
2.
3.
Relaxation of allocation / reallocation of Regional
Government Expenditures.
4.
Lending to LPS.
5.
Issuance of SUN and SBSN can be purchased by BI, BUMN,
colDRorate investors and / or retail investors.
3.
6.
Use of alternative budget sources for example SAL,
education endowment funds, and funds managed by the
Public Service Agency.
4.
7.
Taxation Policy: a) Decrease in ColDRorate Income Tax
Rates gradually to 20% starting in 2022; b) Taxation
Incentives in the Capital Market for public ownership <40%;
c) Taxation of Electronic Transactions; d) Extension of tax
administration time; e) Customs facilities in the context of
COVID-19.
Source: Coordinating Ministry for Economic Affairs
BHINNIKA
Improved Coordination among KSSK members
Provide the necessary authority to 4 institutions to
prevent a crisis (forward looking) in the KSSK forum for
example to issue instruments, BI buys SUN on the primary
market, lending to LPS and OJK may request a merger or
consolidation of Financial Services Institutions.
Foreign exchange management (LLD) management for
residents
Increase public confidence without causing moral hazard.
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