2022 State Budget and Fiscal Incentives Presentation
Accelerating Structural Reforms Is A Key
To Enhance Medium To Long-term Growth
The Covid-19 pandemic has underscored the urgency to accelerate the structural reforms
Key for Further Strong and Sustainable Economy in Medium Term
Maintaining growth momentum through promoting growth engine: consumption,
investment, export & production sectors
=
Structural reforms for improving productivity:
Implementation of Job Creation Law, SWF / INA, Risk-Based
OSS System
Increasing investment & export competitiveness:
creating quality jobs and sustainable economic recovery
Structural reforms along with fiscal reforms (APBN)
focus on priority areas: Health, Education, Social Protection,
Infrastructure, Tax Reform, Regional Government Revenue Sharing
Law (HKPD), and Tobacco Excise Policy (CHT)
Source: Statistics Indonesia, MoF Calculation
Economic Growth Decomposition (%)
6.0
5.5
5.3
3.7
2.5
3.0
2.4
1.1
2.2
0.9
2.2
1.1
1.6
1.0
1.8
2.4
1.0
05
-2.1
Business as
usual
Reform
Scenario
-5.0
COVID-19
2010-2019
2020
Recovery
2021
2022-2025 Projection
Productivity ■Labor ■Capital
◆ Growth (Average)
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