THE Indonesian economy in early 2020 in January faced challenges due to global conditions, one of which was the spread of the Corona virus from China which resulted in disruption of the affected economy, among others through the trade and tourism sectors.
According to Minister of Finance Sri Mulyani, for this reason, we use the state budget continuously to respond to global conditions by carrying out counter-cycle stabilization in order to improve equity and allocation.
“How do we create public services and give impetus to the sectors that we really need attention. Omnibus Law in the field of work creation and various real sector reforms carried out by the relevant Ministries/Institutions, we hope will contribute to positive confidence/confidence,” she said.
Sri Mulyani pointed out that in the tourism sector, the Government immediately finalized the calculation for incentives in the form of discounts to passengers in order to achieve tourist destinations and incentives for foreign travel agents who could bring tourists into Indonesia.
“The government has also accelerated productive expenditure to provide stimulus to the economy entering the beginning of 2020, the realization of State Expenditures until the end of January 2020 has reached Rp139.83 trillion or around 5.5% of the 2020 State Budget ceiling,” she said.
Realization of Central Government Expenditures of IDR71.44 trillion (4.2% of the ceiling) and realization of Transfers to Regions and Village Funds of IDR68.39 trillion (8.0% of the State Budget ceiling). A complete record of APBN performance and facts for January can be seen at https://www.kemenkeu.go.id/apbnkita
“The government continues to be committed to maintaining the credibility of the state budget in a sustainable manner. This is demonstrated by the Government’s efforts to optimally increase state revenues, improve performance in budget absorption for the implementation of the State Budget, and manage prudent and accountable financing,” Sri Mulyani concluded. [photo special]