Minister of Finance Sri Mulyani Indrawati stated that the Indonesian economy has returned to the pre-COVID level based on the aspects of the gross domestic product (GDP) and state budget deficit.
Economic growth is down but inflation is rising, the prices of all goods are going up. This is a condition I can really convey to the world in a dire condition
Belitung in the Province of the Bangka Belitung Islands (Babel) as a pilot area for the development of Integrated Area Development (IAD) to accelerate economic growth and community welfare
TheIndonesia.id - The Indonesian government has announced that it’s allocating Rp6.95 trillion (US$484 million) for direct cash assistance (BLT) for more than 23 million poor households in Indonesia hit by cooking oil shortage and price crisis.
Director general for budget at the Ministry of Finance Isa Rachmatarwata said the cash assistance for cooking oil will be included in two different social assistance schemes, so the budgeting is expected to be finalized faster.
First, BLT for cooking oil will be included in the food aid program where Rp6.2 trillion is allocated for 20.65 million households.
In addition, BLT for cooking oil is also designated as part of cash assistance scheme for street vendors, kiosks, and fishermen, or BT-PKLWN. The government will distribute Rp750 billion for 2.5 million households.
Each household will receive Rp300,000.
“We can use the budget that we’ve distributed to the Indonesian military and police for BT-PKLWN and the Ministry of Social Affairs for the previous Family Hope Program and food aid receivers,” Rachmatarwata said on Friday, April 8, as reported by Antara.
He assured that his office, together with the aforementioned institutions, will continue to monitor the allocation, and if there’s lack of allocation, cash distribution will continue in the coming months.
As mandated by President Joko Widodo, cash assistance for cooking oil is targeted to be distributed during Ramadan up to a week before Idul Fitri.
