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Jakarta, CNBC Indonesia – The president of the National Economic Recovery and Transformation Working Group, Budi Gunadi Sadikin, explained the realization of the budget to manage Covid-19 in both the health and economic sectors in a press release in the Presidential Office, Jakarta , Yesterday.
Notes from the PEN Working Group, the budget allocation has been absorbed by an amount of Rp 240.9 trillion or 34.65% of the established objective. This figure is said to have grown by 30% since the end of July, or Rs 140.4 trillion.
“The economic working group is responsible for 4 programs,” he said.
Meanwhile, the implementation of the social protection program reached 120.3 trillion rupees or 59.03% of the target of 203.9 trillion rupees. Furthermore, the realization of assistance for MSMEs has reached Rs 58.6 trillion or 47.5% of the target of Rs 123.4 trillion.
“Sectoral K / L and local governments, the program here has also grown quite well. We could reach 24.46%. But the growth is quite good. The realization is around 26 trillion rupees. Ceiling of 106.06 trillion. rupees, “said BGS, the nickname for Budi Gunadi. Sadikin.
“What is still pending is the financing of the cooperatives, including several PMNs that hopefully can be disbursed by the end of September, the logs are large enough for there to be a significant increase at the end of this month,” he continued.
BGS said the government is currently focused on achieving PEN Task Force-managed budget absorption of Rs 100 trillion by the end of September. Meanwhile, the realization of the budget administered by PEN has currently reached Rs 87.5 trillion.
“And hopefully it can provide enough support for Indonesia’s third-quarter economic growth,” BGS said.
President Joko Widodo (Jokowi) recently admitted that Indonesia only had a month to make efforts to prevent the national economy from going into recession.
In September, which will last less than 15 days, the government will also allocate trillions of funds to the public to boost household consumption, which is slow due to the impact of Covid-19.
This decision cannot be separated from the contribution of household consumption as the main support for Indonesia’s Gross Domestic Product (GDP), with a percentage higher than 50% of GDP.
“We will keep trying to increase the accounting rate [bantuan] this is until the end of September, “Budi said.
Before finalizing his statement, Budi had mentioned that President Jokowi’s assistance was expected to maintain national economic growth or at least as achieved in the third quarter of last year.
“According to the direction of the president so that it can be in the same range, with the figures from the third quarter of last year,” he explained.
Budi explained that currently, PEN funds managed by the PEN Task Force have reached Rs 87.5 trillion. The government will seek a budget absorption of up to Rs 100 trillion before the end of the year.
“So we still have 2 weeks plus 2 days. God willing, we will find the figure up to 100 trillion rupees,” he explained.
Budi said the government will focus on speeding up the distribution of non-Jabodetabek cash welfare, pre-work cards, as well as wage subsidies for workers with incomes less than 5 million rupees.
[Gambas:Video CNBC]
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