2022 State Budget: Fiscal Policy and Structural Reform

CONTINUING COMMITMENT TO STRUCTURAL REFORMS Covid-19 as a Momentum to Bolster Fundamental Reform to Accelerate Economic Transformation Towards "Indonesia Maju" (Advanced Indonesia) President's Five Strategic Directions 1 Human Capital Development 2 Infrastructure Development 3 Bureaucracy Reform Structural reform Economic Regulatory 5 Simplification Economic Transformation Fiscal reform Human Capital • Quality and competitive education • Integrated and reliable health system • Lifelong and adaptive social protection Transformation Increasing production capacity and sustainable growth (infrastructure connectivity, mobility and productivity) • Institutional reform (bureaucratic and regulatory reform) Revenue Broadening tax base and increasing compliance Regional Government Revenue Sharing Law (HKPD) Expenditure • Zero based budgeting, focus on priority programs, efficient, synergistic, and results based • • Financing Innovative, prudent, and sustainable financing Strengthening the SWF, PPP scheme, and efficient fiscal buffer Source: Ministry of Finance Government focus in 2021 >> implementation of the HPP Law 72

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