2022 State Budget: Fiscal Policy and Structural Reform
National Economic Recovery Strategy Through Import Substitution
Program (35% Reduction) in 2022
AA
INDUSTRIAL CONDITIONS
SECTORS FOCUS
Require to deepen Industrial Structure
•
Necessary to be independent on raw
materials and production
Food and
Beverage
Unsupportive regulations and incentives
• The P3DN Program is not yet optimal
Textiles and
Clothing
35% IMPORT
SUBSTITUTION
PROGRAM BY 2020
Source: Ministry of Industry
Import Reduction through
Import Substitution in
Industries with Large
Import Value
Automotive
Encouraging the
Deepening of
Industrial Structure
STRATEGIC STEPS
Increasing Production
Utilisation of All
Manufacturing Industry
Sectors
Increase in Investment and
Absorption of New Workers
Chemical
Electronic
Utilisation
60%
(2020)
Utilisation
75%
(2021)
Utilisation
85%
(2022)
Pharmacy
Medical Devices
•
Absorption of workers affected by layoffs
Increased domestic spending capacity
.
Increase in the export market
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