YAKARTA (Reuters) – Indonesia plans to provide money transfers to 13.8 million employees at a cost of about $2.15 billion as a component of its stimulus package to help families absorb the pandemic in Southeast Asia’s largest economy, authorities said.
Indonesia reported on Wednesday that its gross domestic product rose by 5.32% in the current quarter, as household consumption, which accounts for more than one part of the economy, fell 5.51% from last year.
“The government’s purpose in providing an additional source of income is household consumption, which is vital to boosting the economy and boosting economic improvement,” Business Minister Erick Thohir said Thursday.
Thohir said that staff with a source of income consistent with the month of less than five million rupees ($343.64) would get about $41 consistent with the month for 4 months from September.
Thohir, who chairs an executive organization on the recovery of COVID-19, said non-governmental staff and state-owned company staff registered with BPJS social security provider BPJS Ketenagakerjaan would be eligible.
Finance Minister Sri Mulyani on Wednesday estimated the program’s tenure at around Rs 31.2 trillion ($2.150 million) and said it is a component of efforts to boost the disbursement of the COVID-19 government stimulus program by reallocating parts of the $50 billion program to more practical activities. Use.
Reporting through Tabita Diela; Edited through Ed Davies
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