THE Finance Ministry has reported that the realization of the budget for national economic recovery has reached Rp192.53 trillion as of August 26, 2020, accounting for 27.7% of the budget ceiling of IDR695.2 trillion.

According to chief of the Financial Sector Policy Center of the Fiscal Policy Board at the Finance Ministry, Adi Budiarso, at a hearing with Commission VI of the House of Representatives (DPR) said, the figure is quite encouraging.

“The realization of budget funds for the health sector has reached IDR12.3 trillion of the IDR87.55-trillion ceiling; social protection IDR101.06 trillion of the IDR203.9-trillion ceiling; business incentives IDR17.23 trillion of the IDR120.61-trillion ceiling; and, micro, small, and medium businesses IDR47.03 trillion of the IDR123.46-trillion ceiling,” he said.

He explaiuned that the realization of the budget for the sectoral post of ministries, non-ministerial government institutions, and regional governments has touched IDR14.91 trillion of the IDR106.11-trillion ceiling, while the budget for corporate financing with a ceiling of IDR53.57 trillion has not been realized.

 “The realization of the budget for national economic recovery since the first half of 2020 has reached 24.4% of the total allocation. To speed up national economic recovery, the government has extended several programs until December 2020, expedited the processing of new proposals from various clusters, redesigned programs to make them more effective, and shortened the bureaucratic process<’ Adi Budiarso noted.

Meanwhile Finance Minister Sri Mulyani Indrawati has stressed that national economic recovery would largely depend on the availability of the coronavirus vaccine. Once a vaccine is found, the government will distribute it to the public and expedite the treatment of COVID-19 patients.

“Whether the vaccine will soon be discovered and can be distributed will have an extraordinary impact on all activities of the community, including economic activities,” she opined.

She concluded that the government has drafted various policies to mitigate the impact of COVID-19 through the National Economic Recovery (PEN) program. [antaranews/photo special]