Investor Presentaiton
Fiscal Policy Works Hard, Responsive, and Flexible During Pandemic
Covid-19 measures, accelerating recovery, and supporting reforms
2020
EXTRAORDINARY POLICY
.
•
Law No. 1/2020 → Law
·
No.2/2020
Stimulus for handling
Covid-19 and the PEN
Program
• The Fiscal deficit widened
by 6.34% of GDP
Budget Deficit 2020 (% GDP)
•
2021
PANDEMIC HANDLING &
RECOVERY
Focus on handling the
pandemic (vaccination and
health protocols)
Economic recovery, flexible
and accountable PEN
Momentum of reform (Tax
Reform, Financial Relations
between the Central and
Budget Deficit 2021
•
2022
ACCELERATE RECOVERY &
REFORM POLICY
.
Strengthening pandemic handling
(accelerating vaccination to
•
2023
HIGH QUALITY FISCAL
CONSOLIDATION
Returns a maximum deficit of
3% of GDP
achieve communal immunity)
Accelerating economic recovery
(PEN sustainability)
•
Reform effectiveness
•
•
.
Primary balance towards
positive
Debt ratio is attempted to
decrease
Debt controlled risk
Budget Deficit 2023
Budget
Perpres
no .54
Perpres
no.72
Realization
Draft
Budget
Budget Deficit 2022
Perpres
no.98
0
Budget
Budget Realization
Realization
(Preliminary)
Budget
2
0
-2
-2
-1.8
-2
-4
-2,4
-3
-4
-6
-6
-5,1
-6
-4,6
-4,9
-4,5
-8
-6,3 -6,1 -8 -5,5
-5,7
-8
2,8
PEN
Program
(IDR T)
405.1
695.2 575.9
403.9
744.8
655.1
396.7
FISCAL DISCIPLINE FOR LONG
TERM SUSTAINABILITY
Source: Ministry of Finance
82
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