Coronavirus Pandemic Seen Pushing Up to 5 Million Indonesian Workers Out of Jobs

The central government has issued several policies to support the Indonesian economy and prevent a surge in the unemployment rate in Indonesia.

Funding for Covid-19 management has been increased from Rp 405.1 trillion to Rp 677.2 trillion.

As a result, the state budget has grown by Rp 272.1 trillion or 67 percent. Approximately Rp 87.55 trillion of the coronavirus management aid has been allocated to the healthcare sector.

Social welfare and protection programs have been allocated Rp 203.9 trillion.

Small and medium enterprises have been allocated Rp 123.46 trillion in aid while the business community is poised to receive Rp 120.61 trillion in financial aid.

State-owned enterprises have been allocated financial assistance of Rp 44.57 trillion.

Read also: Airlines and Hotels in Indonesia Need 2 Years to Recover Post Pandemic

Indonesia’s Finance Minister Sri Mulyani has trimmed the country’s 2020 GDP forecast on June 18 to a contraction of 0.4 percent or a growth of around 1 percent.

She added that the government is trying its best to mitigate the harsh economic impact of the coronavirus pandemic.

The government is working to ensure that the steps it has undertaken will support the Indonesian economy to remain in the positive zone until the end of the year. 

(Writer: Ihsanuddin, Mutia Fauzia | Editor: Bayu Galih, Sakina Rakhma Diah Setiawan) 

Source: https://nasional.kompas.com/read/2020/06/18/17144901/menaker-antisipasi-tambahan-pengangguran-hingga-5-juta-orang

https://money.kompas.com/read/2020/06/18/184614826/sri-mulyani-turunkan-batas-atas-proyeksi-pertumbuhan-ekonomi-ri-jadi-1-persen