2022 State Budget: Fiscal Policy and Structural Reform
Indonesia Quick and Responsive Policy During COVID-19 Pandemic
Flexible fiscal policy to support pandemic handling and recovery to pave way toward economic transformation
Responsive Fiscal Policy
2020
EXTRAORDINARY
POLICY
Immediate response to
Covid-19: Protecting
People, and Business
2020
President President
APBN
Regulation Regulation
No.54
No.72 Realization
-1,76
2021
PANDEMIC HANDLING &
RECOVERY POLICY
Vaccination and health measures,
Social Protection,
Fiscal Stimulus support Economy
Fiscal Deficit Dynamic
For COVID-19 handling and economic recovery
2021
Note of
KEM-PPKF*
-3,21
-4,17
KEM Proposed
PPKF Budget APBN Outlook
2022
2023
RECOVERY & REFORM Ⓒ FISCAL
Stronger Recovery,
Accelerating growth, and
Reform Implementation
CONSOLIDATION
RAPBN
2022
FISCAL DISCIPLINE
TOWARDS LONG
TERM
SUSTAINABLE
BUDGET
Deficit 3% of GDP
in 2023;
Manageable debt
risk
-5,07
6.34
-6,14
STRONG
AND
CONTINOUS
ECONOMIC
RECOVERY
EFFECTIVE COVID-19
PANDEMIC HANDLING
Mass Vaccination
5M Internalization
3T Implementation
Source: Ministry of Finance
-4.7 -5.5 -5.7 -5.8
4,85%
ECONOMIC JUMP START
Tax Incentives
•
•
Financing and Guarantee Program
Integrated Policy Packaged from
Financial Sector Stability Committee
•
Fiscal Reform
•
STRUCTURAL REFORM
Omnibus law on job creation
(including INA, OSS)
Financial Sector Reform
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