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RI GOV’T LAUNCHES ECONOMIC STIMULUS STRENGTHEN SOCIAL PROTECTION DUE COVID-19

THE handling of the COVID-19 Pandemic requires serious, comprehensive efforts from all aspects. Because the spread of COVID-19 not only has an impact on health problems, but also humanitarian issues that have an impact on social and economic aspects. This certainly affects the fundamentals of the national economy.

“To provide a strong legal basis for the Government in efforts to deal with the impact of COVID-19, on March 31, 2020 3 forms of legislation have been issued,” said Coordinating Minister for the Economy Airlangga Hartarto in an online press conference on economic stimulus in handling the impact COVID-19, Wednesday (1/4).

He added, as for the three forms of legislation include: (1). Government Regulation in Lieu of Law (PERPPU) Number 1 of 2020 concerning State Financial Policy and Financial System Stability for Handling Corona Virus Disease 2019 (Covid-19) and / or In Order to Face Threats that Harm National Economy and / or Financial System Stability .

(2). Government Regulation (PP) No. 21 of 2020 concerning Large-Scale Social Restrictions in the Context of Accelerating Handling of Corona Virus Disease 2019 (COVID-19). (3). Presidential Decree No. 11 of 2020 concerning Determination of the Corona Virus Disease 2019 Public Health Emergency (COVID-19).

The Coordinating Minister for Economic Affairs, Airlangga explained, PERPPU 1/2020 generally regulates two things, namely the State Financial Policy (APBN) and Policy in the Financial Sector, with the following picture: (1). State Financial Policy, (2). Policy in the Financial Sector

Then, continued Airlangga, to prevent the occurrence of economic and financial crises, Additional Spending and Budget Financing had been determined to deal with the impact of COVID-19, amounting to IDR405.1 trillion.

“The first priority for health is IDR75 trillion, mainly for medical personnel incentives and health care spending. The 2nd priority for the Social Safety Net will be expanded by IDR110 Trillion. The 3rd priority is Support to Industry worth IDR70.1 trillion (Taxes, Import Duties, People’s Business Credit). The 4th priority is budget financing support for the national economic recovery program of IDR150 trillion, “he concluded. [sources/photo special]