Government Indonesia plans to spend 476 trillion rupiah ($31.8 billion) on social assistance programs as Southeast Asia’s largest economy transitions from the COVID-19 epidemic to the endemic stage.
President Joko Widodo (Jokowi) said his government will not suddenly stop large expenditures on social programs to help people and businesses cope with the economic impact of the pandemic for 3 years. via.
Speaking at the recent meeting of the National Committee for COVID-19 Handling and Economic Recovery (PC-PEN), Mr. Jokowi said: “After the lifting of restrictions at the end of 2022, we are in interim period, under which caution should be maintained, especially in deciding economic measures.”
[Indonesia triển khai biện pháp hạn chế tác động của suy thoái kinh tế]
According to this leader, in contrast to other countries that have been experiencing high inflation, Indonesia has effectively shown perseverance until 2022 with an economic growth rate of 5 .72 percent in the third quarter.
For his part, Coordinating Minister for Economic Affairs Airlangga Hartarto said the government has established a number of measures to mitigate potential risks during the transition period.
Mr. Airlangga said this budget package of 476 trillion rupiah will be used to finance the social program such as providing essential food at affordable prices, cash assistance to low-income families, and job creation.
According to Airlangga, in order to maintain the purchasing power of the people during the transition period, and protect the disadvantaged and other vulnerable groups, the government will continue to implement the above initiatives, as well as implement early warning indicators and early warning system.
In addition, the Government of Indonesia will also allocate 178.7 trillion rupiah for health care programs through the Ministry of Health, the Food and Drug Administration (BPOM), the Population and Family Planning Agency. Country (BKKBN).
Huu Chien (VNA/Vietnam+)
