2022 State Budget: Fiscal Policy and Structural Reform slide image

2022 State Budget: Fiscal Policy and Structural Reform

0 Jan-19 300 Apr-19 Jul-19 600 Oct-19 IDR Tn 1,500 1,200 900 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Insurance 0 Jan-19 Feb-19 % 5 4 3 2 1 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 Insurance investment value rose to IDR1325.64 Tn and pension fund investment stood at IDR312.18 Tn in October 2021. *) Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Pension Funds (rhs) IDR Tn 400 250 Source: Financial Service Authority (OJK) *) provisional figures due to the relaxation on financial institutions' report to OJK because of Covid-19 Apr-21 Jul-21 Oct-21 200 200 350 150 300 100 250 о Jan-19 50 60 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Manageable Market Risks Several market risks indicators still show an adequate performance. Net Open Position remained well below the maximum limit of 20% despite slightly increasing to 1.97% in October 2021. *) Net asset value (NAV) of equity mutual funds continues to grow, indicating public optimism towards the capital market. IDR Trillion Jan-21 Apr-21 172 Jul-21 Aug-21 Sep-21 Oct-21 Jul-21 IDR Tn 700 600 500 1.97 400 300 200 100 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 Feb-21 Mar-21 Apr-21 May-21- Jun-21- Domestic Debt Multi-finance companies' exposure to foreign and domestic debt remain low amidst financing growth slowdown. *) Oct-21 | Foreign Debt Jul-21- NAV Equity Mutual Funds JCI (rhs) 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 Aug-21- Sep-21 Oct-21- Nov-21 0
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