Investor Presentaiton

National Economic Recovery Program (PEN) Realisation Acceleration of Realization and Implementation of the COVID-19 Relief Package Budget IDR 695.2 Tn PEN Realization as of 23th Dec 2020 (%) Health Social Protection Sectoral and Regional Government Business Incentives Support for Corporate MSME Financing Realization 54.1% 95.0 % 88.0% 45.0% 93.% 13.0% IDR 502.7 Tn (72.3% of budget) Monthly Trend of PEN Fund Absorption (IDR tn) 29.4% 502.7 Growth 437.58 366.62 318.48 att 124.62 193.85 T A 48.15 T Δ A 70.87 T A 65.12 T 1st Semester Q3 October November 23-Dec Source: Ministry of Finance Despite just starting in April, the absorption of National Economic Recovery (PEN) has reached 72.3% The realization The social protection and support for MSME realization have been effectively executed. The government will accelerate the PEN progress to reach 100% realization. ■ The PEN program drives the accelerated government spending in Q4. State Equity Participation (PMN) disbursement and SOEs' Loans will encourage the realization of PEN at the end of the year

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