PEN Budget Realization Reaches Rp70.37 Trillion as of April 28, 2022

Coordinating Minister for Economic Affairs Airlangga Hartarto Monday (05/09) has announced that the realization of the National Economic Recovery Program (PEN) budget until April 28, 2022 has reached Rp70.37 trillion or 15.4 percent of the total ceiling of Rp455.62 trillion.

According to the Coordinating Minister, PEN realization for the Health Treatment reached Rp11.87 trillion or 9.7 percent of the total ceiling of Rp122.54 trillion. This realization is mainly focused on health worker’s claim and incentives, patient’s claim, and tax incentive on vaccine/medical equipment for COVID-19 handling through the Village Funds.

In addition, Airlangga continued, PEN Realization for the Social Protection Program reached Rp49.27 trillion or 31.8 percent of the total ceiling of Rp154.76 trillion. The realization consists of the Family Hope Program (PKH) amounting to Rp14.15 trillion for 10 million beneficiary families, the Staple Food Card Program amounting to Rp18.8 trillion for 18.8 million beneficiary families, Direct Cash Assistance (BLT) for Cooking Oil amounting to Rp5.8 trillion for 19.3 million beneficiary families, Village Fund Direct Cash Assistance amounting to Rp7.47 trillion for 6.12 million beneficiary families, Cash Assistance for Street Vendors, Vendors, Fishermen (BT-PKLWN) amounting to Rp1.7 trillion and Pre-Employment Card Program amounting to Rp1.4 trillion.

Moreover, PEN realization for the Strengthening of Economic Recovery in tourism, information, communications and technology (ICT), corporate support and MSMEs, and tax sectors reached Rp9.22 trillion or 5.2 percent of the total ceiling of Rp178.32 trillion.

In the meantime, Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan expressed his belief that Indonesia’s economic condition during the momentum of Eid al-Fitr until now is under controlled, adding that, the momentum has led to economic recovery and people’s mobility.

“People’s mobility has recorded an increase by 48.1 percent compared to the baseline. Moreover, the Spending Index has increased 31 percent higher than last year’s Eid,” he said.

The pandemic situation, Luhut added, continues to improve as pandemic handling is done effectively so that Indonesia’s economy remains in strong position with 5.01 percent of economic growth in the first quarter of 2022, adding that, it is also supported by an improvement in household consumption, investment, and export.

Furthermore, Luhut also said that the effective measures carried out by the Government in handling pandemic had an impact on reducing the unemployment rate from 6.26 percent in February last year to 5.83 percent in this year’s February.

“This trend has a positive impact on Indonesia’s economic recovery,” he remarked. (FID/TGH/UN) (AP/MUR)

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