2022 State Budget: Fiscal Policy and Structural Reform
POLICY DIRECTION FOR STATE BUDGET 2022
.
Maintaining the right balance between anticipating pandemic risk, accelerating economic recovery, and supporting
structural reform
COVID-19 HANDLING: Strengthening health sector as the key
to economic recovery
1. Vaccination for community immunity
2.
Health Protocol
3. Health Facilities & Health Worker
4.
Medicine
MAINTAINING THE RESILIENCY AND SURVIVAL
ABILITY AS WELL AS ACCELERATING RECOVERY
Through social protection program for
businesses and MSMEs.
1. Conditional Cash Transfer (PKH), Staple
Food Assistance, Pre-employment card,
Cash Transfer through Village Fund
2. Interest subsidy & incentives for
businesses.
ANTICIPATING
PANDEMIC RISK,
ECONOMIC RECOVERY,
AND STRUCTURAL
REFORM
STRUCTURAL REFORM:
To improve competitiveness and enhance production
capacity.
1. Education for excellent and integrity human
resources
2. Reliable health system
3. Adaptive social protection
4. Improving investment climate
5. Infrastructure that support economic
transformation
6. Institutional reform.
Source: Ministry of Finance
Optimum implementation of State Budget
2022 as FOUNDATION for FISCAL
CONSOLIDATION in 2022.
M
COMPREHENSIVE FISCAL REFORM:
1. Tax reform
2. Spending better (Zero based budgeting),
allowance for risk dan automatic stabilizer
3. Financing Innovation (eg. PPP, SWF, SMV)
and debt management.
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