Optimism of Economic Recovery: Only 6 Months Aid Duration
Government support to recover the economy from the impact of the Covid-19 pandemic will only take place in the first half of this year along with strengthening optimism in realizing economic acceleration.
This also became the basis for the government to allocate a budget for the 2022 National Economic Recovery (PEN) program of only Rp. 414 trillion, much lower than the 2021 PEN which reached Rp. 744 trillion. Executive Secretary I of the Coordinating Ministry for the Economy, Raden Pardede, said this step was based on a number of positive indicators. First, the restructuring of the 2021 State Revenue and Expenditure Budget (APBN) which is marked by the breakdown of the state revenue target. Second, success in handling and controlling the spread of Covid-19. Third, the potential for the recovery of the two main structures supporting faster economic growth, namely household consumption and investment. "We only help in half a year, because we think the economy, especially in terms of household consumption and investment, can function again," he said last week. Raden added that economic improvement began to be seen in the fourth quarter of 2021 which was marked by skyrocketing state revenues, which prompted the government to stop drawing new debt through the issuance of Government Securities (SBN). This condition, according to him, loosened fiscal and monetary flexibility to maneuver in 2022 so as to be able to anticipate various risks. "Fiscal and monetary has room to move more freely in 2022,"
|•SOURCE•| Articles :BISNIS | Image :JAWA POS |
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