TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Govt to allocate Rp 56t in extra spending to revive economy

  • Mardika Parama

    The Jakarta Post

Jakarta   /   Fri, May 15 2020   /  01:32 am

The government plans to allocate an additional Rp 56.5 trillion (US$3.8 billion) to a number ministries and agencies in 2021 to revive the economy, according to the National Development Planning Agency (Bappenas).

Bappenas chairman Suharso Monoarfa said on Tuesday that the extra funds would be allocated to cover nonoperational expenditures for the economic recovery and social security programs, as the agency had projected a spike in unemployment and the poverty rate due to the harsh impacts of emergency measures imposed to halt the spread of COVID-19.

“Budget allocation for ministries and agencies’ nonoperational expenditure will increase by 55 percent or Rp 56.5 trillion, which will be used [to fund] infrastructure projects, human capital development and other prioritized sector projects,” he said during the agency’s national meeting.

The agency projects une...