Investor Presentaiton

2021 Budget Financing Macroeconomic Assumption for Economic Growth Inflation Exchange Rate 10 years T-Bills Rate 5% 3% 2021 Budget 14.600 IDR/USD ICP US$ 45 per barrel Oil Lifting 705 Gas Lifting 1.007 thousand barrel of thousand barrel/day oil equivalent/day 7.29% STATE REVENUE POLICY 1,760.7 Revenue Expenditure 2,700.3 State Budget (APBN):1,743.6 State Budget (APBN): 2,750 1,400.3 Tax Central Govt Expenditure 1,92.6 357.7 Non Tax Transfer to Region & Village Fund 770.7 • 2.7 Grants 939.6 State Budget (APBN):1,006.4 Source: Ministry of Finance Financing Deficit 5.7% PDB • 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 programs COVID-19 and supporting health • Continuing social safety net to lay a solid foundation of inclusive economic recovery 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 Sovereign Wealth Fund (SWF) of SOES, PSA, • Increasing access to financing for MSMEs and housing for low-income household • Continuing to support higher education, research and cultural activities 73

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