Indonesian Minister of Finance Sri Mulyani Indrawati recently adjusted the country’s GDP growth goal for 2020 down to -0.2 to -1.1 percent from the previous 2.3 percent, and 4.5 to 5.5 percent for the next year.
Jakarta (VNA) – Indonesian Minister of FinanceSri Mulyani Indrawati recently adjusted the country’s GDP growth goal for 2020down to -0.2 to -1.1 percent from the previous 2.3 percent, and 4.5 to 5.5percent for the next year.
Speaking at an online press conference, she added that tocushion the negative impact of the COVID-19 pandemic on the economy, hergovernment has been implementing special policies aimed at maintaining andrestoring the heathcare sector, and improving the socio-economic conditions forthe people and enterprises.
Accordingly, the national economic restoration programmewill be implemented to halt the economic fall and revive demands such asconsumption, investment and export, as well as increase the supply. Those stepsare expected to have positive impact on the economic growth in the last twoquarters of the year.
The minister added that the fiscal policy through the toolsof state budget will continue its important role in keeping the economy fromthe danger of further decrease in the rest of the year as well as in the nextyear.
Besides, the Indonesian government will continue disbursing356.2 trillion rupiah (24.3 billion USD) to packages aimed at reviving thenational economy./.
Indonesia’s foreign debts in the second quarter of 2020 were recorded at 408.6 billion USD, consisting of debts of the public and private sectors, according to the Bank of Indonesia (BI).
The Indonesian government will allocate 3.8 trillion IDR (257 million USD) from its budget to revive the tourism sector through granting several incentives to tourism operators in the country.
The Indonesian Government has announced that it will allocate 356.5 trillion Rp (24.04 billion USD) for COVID-19-related stimulus funding next year in an effort to continue supporting the country’s economic recovery and strengthen the health care system, including the provision of a coronavirus vaccine.
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Illustrative image (Photo: Xinhua) 
