Social Protection and Economic Breakthroughs

Another game-changer, social protection programs, and business continuity support on all sides and levels. Fiscal policy plays an important role here.

Social protection programs are provided to the poorest 40 percent of the population and vulnerable groups. There is a Family Hope Program (PKH), basic food cards, cash social assistance, direct village fund cash assistance, pre-work cards, electricity discounts, and internet quotas will be given to the group.

Support for the sustainability of the business world is provided with the main focus of MSMEs. However, corporations will also receive support as well as priority programs to support job creation.

Another important issue is related to breakthroughs in economic policy or other words, structural reforms. Indonesia must be able to get out of the pandemic with an economic environment that is different from before.

Structural reform is very important so that when the pandemic is over Indonesia will have a different economic environment. One of the steps in accelerating structural reform is through the formation of Law 11/2020 on Job Creation. Economic challenges can be answered immediately, such as providing more jobs, empowering MSMEs, policy reforms, developing investment management institutions and improving the ease of doing business.

The government has also formed a sovereign wealth fund (SWF), namely the Investment Management Institution (LPI) or the Indonesia Investment Authority (INA) which is expected to attract investors. The goal is to develop Indonesia by optimizing assets and investment, first from private investment.

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