Government Measures to Mitigate Covid-19 Risk
Government Measures to Mitigate Covid-19 Risk
Fiscal and Non Fiscal Stimuli
Fiscal Stimuli Phase 1
Fiscal Stimuli Phase 2
1
Brought forward the launch of the Pre-Employment Card in
Bali, North Sulawesi and the Riau Islands.
1
Relaxation of Income Tax (PPh Article 21).
Increased disbursements of the Noncash Food Assistance
2 Program (BPNT) from IDR150,000 to IDR200,000 for a six-
month period commencing March 2020.
2
Relaxation of Income Tax on Imports (PPh Article 22).
3
Provided a stimulus package for housing in the form of an
IDR800 billion subsidy as well as a subsidy on down payments
totalling IDR700 billion.
3
Relaxation of Income Tax (PPh Article 25).
4
4
Provided incentives for domestic and international travellers.
Relaxation of Value Added Tax (VAT) Restitution.
5
Reduced the air passenger service fee (PSF) by 20% for
March-May 2020.
6
Discounted the price of aviation fuel at airports located
around nine travel destinations for March-May 2020.
7
Non-Fiscal Stimuli
1
Reduce and simplify restrictions on export activities to
maintain export performance and competitiveness.
Subsidised or provided grants totalling IDR3.3 trillion to local
governments affected by lower tax revenues food service
activities.
Source: Bank Indonesia
2 Reduce and simplify restrictions on import activities to ensure
the availability of raw materials.
7View entire presentation