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Indonesia seeks to pre-empt Covid-19 social unrest
Finance Minister Sri Mulyani Indrawati is reportedly working on an US$8 billion plan to shore up the health care sector, provide salaries to laid-off employees for five months and also dish out handouts to informal sector workers, who make up about half of the capital’s labor force.
That will require the government to seek parliamentary approval for an emergency presidential regulation in lieu of law, raising the authorized limit of the 2020 budget deficit from 3% to 5% – or perhaps even higher.
That only requires the prior approval of House of Representatives Speaker Puan Maharani, but it must be enacted into law by a plenary session of Parliament within three months of going into force.
asiatimes.com
Finance Minister Sri Mulyani Indrawati is reportedly working on an US$8 billion plan to shore up the health care sector, provide salaries to laid-off employees for five months and also dish out handouts to informal sector workers, who make up about half of the capital’s labor force.
That will require the government to seek parliamentary approval for an emergency presidential regulation in lieu of law, raising the authorized limit of the 2020 budget deficit from 3% to 5% – or perhaps even higher.
That only requires the prior approval of House of Representatives Speaker Puan Maharani, but it must be enacted into law by a plenary session of Parliament within three months of going into force.
Indonesia seeks to pre-empt Covid-19 social unrest
JAKARTA – The importance of a new spending package is growing by the day as the Indonesian government seeks to head off potential unrest on the streets and prevent Jakarta’s unemployed f…
asiatimes.com
