Investor Presentaiton

State Budget 2021 Comprehensively Designed To Support The Acceleration of National Economic Recovery And Anticipate An Economic Slowdown Due To The Covid-19 Pandemic ။ 2020 2021 Account IDR Trillion Perpres APBN Growth 72/2020 Revenue 1,699.9 1,743.6 2.6% Domestic Revenue 1,698.6 1,742.7 2.6% 1. Tax Revenue 1,404.5 1,444.5 2.8% 2. Non Tax Revenue 294.1 298.2 1.4% Grants 1.3 0.9 -30.8% * Expenditure 2,739.2 2,750.0 0.4% Central Government Expenditure 1,975.2 1,954.5 -1.0% 1. Ministries Expenditure 836.4 1,032.0 23.4% 2. Non Ministries Expenditure 1,138.9 922.6 -19.0% Transfer to Region and Village Fund 763.9 795.5 4.1% 1. Transfer to Region 692.7 723.5 4.4% 2. Village Funds 71.2 72.0 1.1% • Primary Balance Surplus/(Deficit) % to GDP Financing (700.4) (633.1) -9.6% (1,039.2) (1,006.4) -3.2% (6.3) 1,039.2 (5.7) 1,006.4 -3.2% National Economic Recovery Program in 2021 IDR 533.1 T* STATE REVENUE POLICY • Supporting national economic recovery by providing tax incentives selectively and prudently calculated • Cutting the red tape to accelerate national economic recovery • Improving public services to optimize non-tax revenue EXPENDITURE FOCUS • Handling COVID-19 and supporting health programs • Continuing social safety net to lay a solid foundation of inclusive economic recovery • Expanding access to capital for MSMEs and cooperatives through interest subsidy • Supporting programs activities for impacted sectors (e.g. Tourism) FINANCING STRATEGY Supporting the restructuring of SOES, PSA, Sovereign Wealth Fund (SWF) • Increasing access to financing for MSMEs and housing for low- income household • Continuing to support higher education, research and cultural activities MSMEs Support & Corporate Financing Health IDR 104.70T Social Protection IDR 150.96T Priority Program IDR 141,36 T Business Incentive IDR 20.4 T IDR 156.06 T *) The budget allocation for the National Economic Recovery program can change in response to economic developments Source: Ministry of Finance

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