2022 State Budget: Fiscal Policy and Structural Reform
PEN 2020
1st case in
Indonesia
Mar-20
MAR-APR
Apr-20
May-20
Jun-20
JUNE
confirmed and
Large social
President
announces
restriction was 'new normal' 100,000 cases
declared
phase
confirmed
Jul-20
Aug-20
Sep-20
JUL-DES
Oct-20
Nov-20
Flexible State Budget to Respond The Uncertainty
As countercyclical instrument to respond to COVID-19 development as well as to stabilize and stimulate
economy recovery
Several
region
loosened the
mobility
restriction
Dec-20
1st stage of
vaccination
rolled out and
PPKM was
imposed
IDR
46.5 T
Government
announced
measures to
mitigate pandemic
risk on domestic
economy
IDR
695.2.4 T
National Economic
Recovery Program
(PEN) was enacted
through PP 23/2020
while the budget
2020 was revised
IDR
575.2 T
Reallocating and refocusing
budget between cluster to
finance urgent programs. At
the end of year, some of
health measures budget for
vaccination are carried
forward to 2021
IDR
403.94T
The budget was
decided in
August 2020 to
following the
slowing down of
COVID-19 in Agt
- Sept 2020
IDR
699.43T
PEN budget was
increased due to
surging cases of
Covid-19 and
vaccination program.
IDR
744.75 T
PEN is strengthened due
to the new wave caused
by the delta variant. Social
restriction (PPKM) has
been imposed, social
protection has been re-
expanded.
PEN 2021
JAN
Jan-21
Feb-21
Mar-21
FEB-MAR
Apr-21
May-21
Jun-21
JUL
Emergency
PPKM was
imposed
'Delta Varian'
confirmed in
Indonesia
Jul-21
Aug-21
Sep-21
Source: Ministry of FinanceView entire presentation