2022 State Budget and Fiscal Incentives Presentation
Strengthened Synergy Between Monetary and Fiscal Policy
Background
The increase in the spread of Covid-19 including the
delta variant requires large financing, among others, for
handling health and humanity as a result of the
COVID-19 pandemic
2. The government and Bank Indonesia (BI) are
coordinating solidly, in which BI actively participates in
the purchase of SBN in the primary market, including
the contribution to health and humanitarian financing.
3. The agreement between the Government and Bl is
stated in the Joint Decree of the Minister of Finance
and the Governor of Bank Indonesia concerning the
Scheme and Coordination Mechanism between the
Government and Bank Indonesia in the Context of
Financing for Health and Humanitarian Management to
Handle the Impact of the Corona Virus Disease 2019
(COVID-19) Pandemic through Purchases in the Market
Initial by Bank Indonesia on Government Securities
and/or Government Sukuk (or referred to as SKB III)
Principles
1. Maintaining fiscal space and fiscal
sustainability in the medium term
2. Reduce the APBN deficit gradually below 3%
in accordance with the provisions of the
legislation
3. Maintaining the exchange rate stability,
interest rate and inflation under control
4. Prioritizing credibility and integrity of fiscal
and monetary management
5. Encouraging sustainable economic growth
Maintaining financial sustainability of the
Government and Bank Indonesia
6.
Source: Ministry of Finance
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