Gov’t Earmarks Rp455,62 Trillion to Boost Economic Recovery
The budget for economic recovery in the 2022 State Budget (APBN) has been simplified into three categories, namely healthcare, public protection, and strengthening of economic recovery, Minister of Finance Sri Mulyani Indrawati has announced.
“The budget for the National Economic Recovery (PEN) this year is Rp455.62 trillion,” she said at the press conference of the APBN February 2022 Edition, Tuesday (02/22).
In details, they are as follows:
First, Rp122.54 trillion will be allocated for healthcare sector. The budget will be used for vaccination drive, COVID-19 patients care, incentives for health workers, tax incentives, and handling COVID-19 in the regions.
Second, Rp154.76 trillion will be allocated for public protection. The budget will be used to continue social assistance programs including the Family Hope Program, the Staple Food Card, the Pre-Employment Card, the Village Cash Assistance (BLT), the Job Loss Insurance (JKP), and anticipation for the expansion of social protection programs.
Third, Rp178.32 trillion will be allocated for economic recovery. The budget will be used for various initiatives carried out by ministries/agencies, ranging from support for micro, small and medium enterprises (MSMEs), tourism and creative economy actors to the sector of information and communication technology (ICT).
“We will support various initiatives from ministries/institutions such as labor-intensive programs for tourism and creative economy, food security, ICT, industrial estate development, support for MSMEs, and state investment for state-owned enterprises that carry out various national strategic projects,” the Minister said.
The three categories, Sri Mulyani added, will be able to adjusted based on the dynamics of economic recovery since the PEN program is designed to be flexible and accountable so it can respond swiftly to pandemic situation and continue to boost economic recovery. (PR of Ministry of Finance/UN) (GWH/EP)