2022 State Budget and Fiscal Incentives Presentation

Global Regional Bilateral Ample Reserves Ample Lines of Defense Against External Shocks Swap Arrangement FX Reserve • Ample level of FX reserves to buffer against external shock • FX Reserves as of of December 2021: US$144.9 bn Japan Singapore China Malaysia ASEAN Swap Arrangement (ASA) Chiang Mai Initiative Multilateralization (CMIM) Agreement IMF Global Financial Safety Net - GSFN Renewed a 3 year USD22.76 billion swap line with Japan on October 14th, 2021 • The facility is available in USD and JPY . Renewed a 1 year SGD/IDR swap arrangement with the size up to USD10 bn (equivalent) on November 4th 2021 Renewed a 3 year swap arrangement and increased the size of swap line up to CNY250 billion IDR550 trillion (about USD 38.8 billion equiv.) in January 2022 Established a 3 year RM/IDR swap arrangement with a size up to USD2 bn (equivalent) in September 2019 Entitled to a maximum swap amount of USD600 million under ASA The first MoU on the ASA was signed in 1977 among 5 ASEAN Central Banks with total facility USD100 million Increased in size to U.S.$2 billion in 2005 Entitled to a maximum swap amount of US$ 22.76 bn under the ASEAN+3 (Japan, China, and Korea) FX reserves pool created under the agreement • Came into effect in 2010 with a pool of US$120 bn . Doubled to US$240 bn effective July 2014 . Indonesia is entitled to access IMF facilities for crisis prevention to address potential (actual) BOP problem Such facilities include Flexible Credit Line (FCL) and Precautionary and Liquidity Line (PLL) Source: Bank Indonesia 56

View entire presentation