The government has announced a Rp 10.3 trillion (US$742 million) stimulus package that is expected to boost consumer spending and reinvigorate Indonesia’s tourism industry, which has been deflated by the deadly coronavirus outbreak. Finance Minister Sri Mulyani said on Tuesday that the government would disburse 
Rp 4.6 trillion to the 15.2 million beneficiaries of its staple needs program. The government will also add Rp 1.5 trillion to housing loan and down payment subsidies for low-income Indonesians. “This is the 30 percent bottom segment. They will use the funds immediately for consumption,” Sri Mulyani said at the State Palace. The government will also grant Rp 3.3 trillion to regional authorities to compensate for tax revenue losses from tax exemptions that are also part of the stimulus. “We will support ten tourist destinations [...] by not co...