Government Measures to Mitigate Covid-19 Risk
2021 BUDGET IS A CRITICAL TOOL TO DRIVE THE ECONONOMY AMIDST
UNCERTAINTY
Comprehensively designed to support the acceleration of economic recovery and address Covid-19 pandemic
2020
2021
Account
(IDR T)
Perpres
72/2020
Realization
(Unaudited)
State
Budget
Growth*
(%)
Revenue
1,699.9
1,633.6
1,743.6
6.7
Tax Revenue
1,198.8
1,070.0
1,444.5
35.0
Customs & Excise
213.5
212.8
215
1.0
Non Tax Revenue
409.0
338.5
298.2
-11.9
•
Grant
1.3
12.3
0.9
-92.7
STATE REVENUE POLICY
•
•
Supporting national economic recovery by
providing tax incentives selectively and prudently
calculated
Cutting the red tape to accelerate national
economic recovery
Improving public services to optimize non-tax
revenue
EXPENDITURE FOCUS
Handling COVID-19 and supporting health
programs
.
Expenditure
2,739.2
2,589.9
2,750.0
6.2
Continuing social safety net to lay a solid
foundation of inclusive economic recovery
•
Central Government Expenditure
1,975.2
1,827.4
1,954.5
7.0
•
Regional Transfer & Village Funds
763.9
762.5
795.5
4.3
Primary Balance
(700.4)
(642.2)
(633.1)
-1.4
Surplus (Deficit)
(1,039.2)
(956.3)
(1,006.4)
5.2
% to GDP
(6.3)
(6,09)
(5.70)
Financing
1,039.2
1,190.9
1,006.4
-15.5
Based on 2020 realization
.
Expanding access to capital for MSMEs and
cooperatives through interest subsidy
Supporting programs activities for impacted
sectors (e.g. Tourism)
FINANCING STRATEGY
Supporting the restructuring of SOES, PSA, Sovereign
Wealth Fund (SWF)
Increasing access to financing for MSMEs and
housing for low-income household
Continuing to support higher education,, research
and cultural activities
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