Investor Presentaiton

FLEXIBLE GOVERNMENT BUDGET IN RESPONSE TO SHOCKS & UNCERTAINTIES As countercyclical instrument to respond to the resurgence of COVID-19 as well as to stabilize and sustain the recovery 1st case in Indonesia confirmed and Large social declared President announces phase restriction was 'new normal' 100,000 cases confirmed 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-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 MAR-APR JUNE JUL-DES JAN FEB-MAR JUL 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 PEN 2020 IDR 403.94T The budget was adjusted in August 2020 with the easing of COVID-19 in Aug - 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

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