Jakarta: The Indonesian Government has allocated Rp699.43 trillion for the National Economic Recovery (PEN) Program, higher than that of the previous year’s realization of Rp579.78 trillion.
According to Coordinating Minister for Economic Affairs Airlangga Hartarto, one of the Government’s priorities is to provide support for Micro, Small and Medium Enterprises (MSMEs) with a budget allocation of Rp184.83 trillion.
"The Government is giving priority to the recovery of MSMEs due to their strategic role for the national economy. The contribution to national economic growth stands at 61.1 percent, absorbing 97 percent of the workforce (116.9 million workers)," said the Coordinating Minister, quoted from the website of Coordinating Ministry for Economic Affairs, Sunday.
Based on a survey conducted by Ministry of Cooperatives and Small and Medium Enterprises involving 195,099 MSMEs, due to the pandemic 23.10 percent of MSMEs experienced a decrease in business turnover, while 19.50 percent experienced slow distribution, and 19.45 percent experienced capital constraints.
In the meantime, a survey conducted by the Asian Development Bank (ADB) also showed the same results; as many as 30.5 percent of MSMEs in Indonesia faced a decline in domestic demand and a total of 48.6 percent of MSMEs were temporarily closed.
In dealing with the impact of the pandemic, the Government continues the efforts to handle the health issues and the economic recovery in a balanced manner through the implementation of micro-scale public activity restrictions (PPKM Mikro) which expanded to 15 provinces, as well as the 3T procedures (testing, tracing, and treatment), and the vaccination program throughout the country.
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