{"id":196599,"date":"2020-08-24T13:55:38","date_gmt":"2020-08-24T06:55:38","guid":{"rendered":"https:\/\/setkab.go.id\/?p=196599"},"modified":"2020-08-25T14:12:05","modified_gmt":"2020-08-25T07:12:05","slug":"govt-to-accelerate-cash-transfer-assistance-disbursement-to-speed-up-economic-recovery","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/govt-to-accelerate-cash-transfer-assistance-disbursement-to-speed-up-economic-recovery\/","title":{"rendered":"Gov\u2019t to Accelerate Cash Transfer Assistance Disbursement to Speed up Economic Recovery"},"content":{"rendered":"<div id=\"attachment_196601\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-196601\" class=\"size-full wp-image-196601\" src=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2020\/08\/24Agustus.jpg\" alt=\"\" width=\"1024\" height=\"683\" srcset=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2020\/08\/24Agustus.jpg 1024w, https:\/\/setkab.go.id\/wp-content\/uploads\/2020\/08\/24Agustus-300x200.jpg 300w, https:\/\/setkab.go.id\/wp-content\/uploads\/2020\/08\/24Agustus-768x512.jpg 768w, https:\/\/setkab.go.id\/wp-content\/uploads\/2020\/08\/24Agustus-600x400.jpg 600w, https:\/\/setkab.go.id\/wp-content\/uploads\/2020\/08\/24Agustus-690x460.jpg 690w, https:\/\/setkab.go.id\/wp-content\/uploads\/2020\/08\/24Agustus-345x230.jpg 345w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-196601\" class=\"wp-caption-text\">Cabinet Secretary Pramono Anung, Minister of State Secretary Pratikno, and Minister of State-owned Enterprises Erick Thohir engage in conversation before joining a limited meeting at the Merdeka Palace, Jakarta, Monday (24\/8). (Photo by: Rahmat\/PR)<\/p><\/div>\n<p>In speeding up economic recovery, President Joko \u201cJokowi\u201d Widodo ordered to accelerate the disbursement of cash transfer assistance to the public and to make sure investment growth will not go down below minus 5 percent.<\/p>\n<p>President Jokowi also instructed Coordinating Minister for Human Development and Cultural Affairs Muhadjir Effendy to monitor the implementation of Cash Transfer Assistance to Villages, Cash Social Assistance, Non-cash Food Assistance in which the beneficiaries are increased, as well as Presidential Assistance for Productive Micro Enterprises, and wage subsidy.<\/p>\n<p>\u201cDo monitor the implementation since there are still problems in the data and banking accounts of the recipients,\u201d the President said in his introductory remarks at a limited meeting at the Merdeka Palace, Jakarta, Monday (24\/8).<\/p>\n<p>Hopefully, he added, the disbursement of that assistances in August and September can stimulate the economic growth.<\/p>\n<p>Also on that occasion, the President ordered Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan to drive the economic growth in the third quarter through increasing consumption of domestic products and making sure investment growth will not go down below minus 5 percent.<\/p>\n<p>\u201cWhat is Indonesia\u2019s previous investment growth rate? Minus 8, if I am not mistaken. Thus, if we cannot achieve positive growth, at least it must not go down below minus 5. That is the point,\u201d the President said.<\/p>\n<p>In responding to the President\u2019s instruction, Head of Investment Coordinating Board (BKPM) on Sunday (23\/8) affirmed that the Board will increase investment to Rp213 trillion that is expected to stimulate the growth.<\/p>\n<p>\u201cIt is not easy to increase export volume due to limited market. In addition, consumption of domestic products is stagnant because people\u2019s purchasing power and tax revenue in July not increased,\u201d the President said adding that the purchasing power is stuck because 50 percent of restaurants and tourist attractions are not open yet, and hotel occupancy rate is still low.<\/p>\n<p>The President reiterated that it is necessary to increase investment so that growth in the third quarter can be boosted. The key is investment, he stated. \u00a0(<strong>FID\/EN<\/strong>)<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Translated by : Rany Anjany <\/strong><br \/>\n<strong>Reviewed by:\u00a0 Yuyu Mulyani<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In speeding up economic recovery, President Joko \u201cJokowi\u201d Widodo ordered to accelerate the disbursement of cash transfer assistance to the public and to make sure investment growth will not go down below minus 5 percent. President Jokowi also instructed Coordinating Minister for Human Development and Cultural Affairs Muhadjir Effendy to monitor the implementation of Cash [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":196601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77,66],"tags":[],"class_list":["post-196599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-uncategorized-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v26.1.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gov\u2019t to Accelerate Cash Transfer Assistance Disbursement to Speed up Economic Recovery - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/govt-to-accelerate-cash-transfer-assistance-disbursement-to-speed-up-economic-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t to Accelerate Cash Transfer Assistance Disbursement to Speed up Economic Recovery - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"In speeding up economic recovery, President Joko \u201cJokowi\u201d Widodo ordered to accelerate the disbursement of cash transfer assistance to the public and to make sure investment growth will not go down below minus 5 percent. 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