2022 State Budget: Fiscal Policy and Structural Reform
0
IDR Tn
200
180
160
140
120
100
80
60
40
20
2016
Source: Financial Service Authority (OJK)
2017
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
Total of securities issuance reached IDR335.8 Tn (YTD) as of 7
December 2021, indicating a more optimistic signal to economic
recovery.
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
■IPO
Rights Issue
Corporate Bond & Sukuk
40
30
177.70
20
2018
2019
2020
2021*
Jul-21
Aug-21
Sep-21
Oct-21
Signs of Recovery in Financial Intermediations
Bank loans continue to grow, supported by consumption and working capital loans. Despite still being in the contraction zone, financing growth has steadily improved
for the last few months.
LOAN
In October 2021, Bank loans continued to grow by 3.24% (y-on-y) and 0.08% (m-to-m).
Financing growth continued its improving trend in the past few months
and grew by -5.50% (y-on-y) in October 2021.
YOY
IDR Tn
6,000
5,000
4,000
3,000
2,000
1,000
0
Bank Loans
YoY Growth (rhs)
YOY
IDR tn
5657.6
16%
500
12%
400-
8%
3.24%
300
4%
0%
200
-4%
100
-8%
0
Financing
Growth (rhs)
10%
5%
359
0%
-5.50%
-5%
-10%
-15%
-20%
10
97.60
0
60.60
-10
-20
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19.
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Life insurance premium recorded a 7.9% growth (y-on-y) while General &
Reinsurance premium recorded a 0.2% growth (y-on-y) in October 2021.
Life Insurance Premium Growth
General & Reinsurance Premium Growth
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
169
0.2
7.9
Jul-20
Aug-20
Sep-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21View entire presentation