Bank Indonesia Policy Mix

Strong Economic Recovery Combined With Social Protection Program to Reduce Unemployment and Poverty The Social Protection Policy since 2020 and expanded today, has been playing a very important role in protecting the poor and vulnerable Hardship Relief Food and Education Support Support to the Workforce Conditional Cash Transfer (PKH) 10 million families Cash Transfer 10 million families Village Funds Cash Transfers 8 million families Electricity Discount 32.6 million beneficiaries Staple Food Card 24.7 million families Food Assistance 28.8 million families Internet Quota Subsidy for Online Learning 38.1 million people Pre-Employment Card 5.9 million people Wage Subsidy 8.8 million workers The impact of the pandemic on people's welfare can be restrained and begin to gradually recover OPEN UNEMPLOYMENT RATE (TPT) February 2021 6.26% (TPT) 8.75 million ppl The economic recovery has created 2.61 million new jobs in the period Sept 20-Feb 21 POVERTY RATE March 2021 10.14% 27.54 million ppl Declining rate on Feb 21 compare to Aug 20 0,81 p.p 1.02 million ppl Declining rate on Mar 21 compare to Sept 20 0,05 p.p 0,01 million ppl Meanwhile, The quality of human resources as reflected in Human Development Index is maintained amid the pandemic through the provision of health services and adequate education even during the pandemic Note: the figure above is the 2021 target as of July 2021, the number of basic food card recipients is a combination of 18.8 million regular staple food card recipients and an additional 5.9 million recipients during the restriction mobility period source: Statistic Indonesia, Ministry of Finance Source: Ministry of Finance 64 64

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