REPUBLIKA.CO.ID, JAKARTA -- The government will again tender an explanation on its recent economic policy package as the people, including businesses, have not yet fully understood it, Chief Economic Minister Darmin Nasution stated.

"We see that not all have comprehensively understood the policies, so we need to explain it again when the government announces its second phase of the economic policy package this afternoon," the chief economic minister noted here on Tuesday.

He remarked that several days after the government had announced the first phase of its economic policy package early this month, the representatives of four largest banks in Indonesia had come to visit him.

They pointed out that a ministerial decree would come into effect on October 1, 2015, which would hamper and pose difficulties to the businesses.

"After we checked it, we found that the concerned ministerial decree has been revoked based on the economic policy package issued in the first phase," Nasution stated.

He said that besides recapping the explanations on the previous economic policies, his ministry will also explain sector-wise policies when the follow-up economic policies were issued, so that they would become clearer.

"If we issue tens of or 90 regulations all at once, the people will never understand it. So, we opt to explain it per sector," he emphasized.

When questioned whether the follow-up economic policy package will encompass efforts to overcome the weakening of the rupiah against the US dollar, the minister noted that the matter fell under the authority of Bank Indonesia (BI/the central bank).

"Just wait for the explanation by the BI governor," he said.

Regarding the increasing number of worker layoffs, the minister stated that they happened due to the economic slowdown.

"In the third quarter, we hope the economic growth would improve and become better than that in the second quarter. Yet, this would not mean that layoffs could be automatically and totally stopped," he affirmed.

On the occasion, Nasution also revealed that this afternoon (Tuesday afternoon), the government will announce its follow-up economic policies for each sector.

"So, we will select them per sector. There might be six to seven sectors, so their details could be made clear," Nasution stated at the Presidential Office.

He noted that President Joko Widodo had urged ministers and other state officials to gather at the State Palace at about 1:30 p.m. local time on Tuesday.

"We are asked to gather at 1:30 p.m. local time. The government will not announce the policies all at once as it did recently because it would eventually only show figures, such as how many government regulations (PP), presidential decisions, ministerial decrees, and others are there," the chief economic minister remarked.

According to Nasution, the government will likely only explain some of them, possibly three sectors. BI and the Financial Service Authority (OJK) will thereafter announce their policies.

"The government might issue policies that concern the industry, exports, and finance. We will also again elucidate on the economic policy package of the first phase but in a sector-wise manner and per day, one after the other. The new one will likely be explained separately," noted the chief economic minister.

For instance, the agriculture minister will explain it tomorrow, and the other minister will soon provide an explanation day after tomorrow.

"We are designing the plan to show its clear sector," he added.

The minister affirmed that he could not as yet reveal the details of the economic policies that would be announced in the afternoon on Tuesday.

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