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THE INDONESIA’S Financial System Stability Committee (KSSK) assesses that the economic recovery has now taken place. In fact, the recovery is evenly distributed in almost all sectors.
According to the Chairwoman of the KSSK, Sri Mulyani said that although the economic recovery throughout 2021 had been evenly distributed in almost all sectors, the speed of economic recovery was different for several sectors.
“Although the speed of recovery in various sectors still depends on business activities and the impact of the pandemic on these sectors,” Sri Mulyani said in a virtual press conference on the results of the KSSK meeting, Wednesday (2/02).
She continued, KSSK will continue to research and formulate measures in order to minimize a prolonged impact or scarring effect. And at the same time, it will restore a more equitable economy between various sectors and regions in Indonesia.
“Various policies implemented by KSSK have boosted the economy. One of the government’s policies is issuing tax incentives in the housing and automotive sectors,” Sri Mulyani remarked.
This policy is synergized with Bank Indonesia policies in the form of easing the Loan to Value (LTV) Ratio for property loans, the Financing to Value (FTV) Ratio for property financing, and down payments for loans or Motor Vehicle Financing (PBI LTV/FTV and Advances).
She emphasized that the success of an evenly distributed economic recovery in almost all of these sectors could not be separated from the policy support of each element in the KSSK, namely Bank Indonesia (BI), the Financial Services Authority (OJK), and the Deposit Insurance Corporation (LPS).
“With the support of various policies from the KSSK elements, economic recovery has occurred in almost all sectors and is more evenly distributed,” she concluded. [sources/photo special]
