Investor Presentaiton
Amendment of State Budget Posture 2020
As a response to development needs for handling of pandemic COVID-19
2020
PERPPU 1/2020 (Converted
To Law 2/2020)
The legal basis for the government to
flexibly adjust the fiscal policies,
including budget and its deficit.
Allowing the government to continually
refocusing and reallocation budget
without parliament approval process
■ The state budget deficit has to be
returned to a maximum of 3% in 2023
Budget Deficit
to GDP
Presidential Regulation
(Perpres) No.54/2020
With extraordinary and very
urgent conditions, the State
Budget deficit policy exceeds
the 3% limit, through the
enactment of Perpu No.1 /
2020 (converted to Law No.2
/ 2020). Prioritized on health
and social security spending
[Initial Budget] Law No. 20/2019
1.76%
Perpres No. 54/2020
5.07%
Presidential Regulation
(Perpres) No.72/2020
to
the
Responding
development needs of the
Covid-19 pandemic handling
and to maintain the economy
and financial system stability,
including running the National
Economic Recovery Program
(PEN)
Perpres No. 72/2020
6.34%
Budget Deficit
2020
Financing Need
IDR307.2 tn
(~USD 21.0)
IDR 741.8 tn
(~USD 50.6 bn)
IDR852.9 tn
(~USD 58.2 bn)
IDR 1,439.8
(~USD98.3 bn)
PERPPU 1/2020 is emergency law issued by government to respond the COVID-19 outbreak
IDR1,039.2 tn
(~USD 70.9 bn)
IDR 1,645.3
(~USD1123 bn)
Source: Ministry of Finance
Notes: USDIDR exchange rate of IDR14,653.
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