A new wave of coronavirus infections, according to Indonesian Finance Minister Sri Mulyani Indrawati, will have an influence on the country’s economic recovery.
In Q3, tighter limitations will have an impact on private consumption.
During the new covid limits, Indonesia will spend 18.04 trillion rupiah on cash assistance.
A total of 10 million households will receive cash assistance till August.
Some bill reductions have been extended till September.
A total of 7.58 trillion rupiah has been set up for electricity bill reductions.
Will speed up the disbursement of the village fund, which is projected to be worth 28.8 trillion rupiah and will provide cash support to 8 million households.
From 172.84 trillion rupiah, total healthcare spending will climb to 185.98 trillion rupiah.
Rising covid cases had a minor impact on Q2 economic activity.
The Q2 GDP growth prediction remains at 7.1 percent to 7.5 percent.
The Q3 prognosis is expected to be lower than the 6.5 percent forecasted earlier.
The new Q3 projection will be determined by how long the restrictions remain.
On the above statements, the USD/IDR maintains its positive momentum.
After reaching three-month highs of 14,572.50 earlier in the day, the spot is currently trading at 14,562, up 0.43 percent on the day./n
