IDR 14.7 Trillion in APBN Support for Regional Economic Recovery

Economics & Macro

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Dwi Hadya Jayani 22/06/2020 13:00 WIB

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The government has allocated Rp 14.7 trillion to local governments for economic recovery from the impact of the Covid-19 pandemic.

Government Budget Support for Regional Government Economic Recovery

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IDR 14.7 Trillion in APBN Support for Regional Economic Recovery

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Government Budget Support for Regional Government Economic Recovery

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The government allocated Rp 14.7 trillion in budget for regional governments to recover from the economic impact of the Covid-19 pandemic. This budget is used for the utilization of physical special allocation funds (DAK) reserves, regional incentive funds (DID), and loans to regions.

First, Rp 8.7 trillion will be used from physical DAK reserves. This budget is for physical development programs such as housing and agriculture using self-managed, labor-intensive methods with local workforce. This program is planned to be completed within 3 to 4 months.

Second, an additional Rp 5 trillion in DID support will be prepared to accelerate economic recovery in the regions. Finally, the government provides a Rp 1 trillion loan facility to regions.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."