Bank Indonesia Policy Mix

PEN 2020 1st case in Indonesia confirmed and President announces restriction was 'new normal' 100,000 cases Large social declared phase confirmed Mar-20 MAR-APR Apr-20 May-20 Jun-20 JUNE Jul-20 Aug-20 Sep-20 JUL-DES Flexible State Budget to Respond The Uncertainty As countercyclical instrument to respond to COVID-19 development as well as to stabilize and stimulate economy recovery Oct-20 Nov-20 Dec-20 Jan-21 IDR 46.5 T Government announced measures to mitigate pandemic risk on domestic economy IDR 695.2.4 T National Economic Recovery Program (PEN) was enacted through PP 23/2020 while the budget 2020 was revised IDR 575.2 T Reallocating and refocusing budget between cluster to finance urgent programs. At the end of year, some of health measures budget for vaccination are carried forward to 2021 IDR 403.94T The budget was decided in August 2020 to following the slowing down of COVID-19 in Agt - Sept 2020 IDR 699.43T PEN budget was increased due to surging cases of Covid-19 and vaccination program. IDR 744.75 T PEN is strengthened due to the new wave caused by the delta variant. Social restriction (PPKM) has been imposed, social protection has been re- expanded. PEN 2021 JAN Feb-21 Several region loosened the mobility restriction 1st stage of vaccination rolled out and PPKM was imposed Emergency PPKM was imposed 'Delta Varian' confirmed in Indonesia Mar-21 FEB-MAR Apr-21 May-21 Jun-21 JUL Jul-21 Aug-21 Sep-21 Source: Ministry of Finance

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