Finance Minister Sri Mulyani Indrawati gestures during a press conference on the 2020 state budget in Jakarta on Feb 19. - Antara
JAKARTA (The Jakarta Post/ANN): The government unveiled on Wednesday (June 3) a bigger stimulus package worth Rp 677.2 trillion (US$47.6 billion) to anchor the virus-battered economy, the growth of which is expected to fall to a level similar to that of the 1998 Asian financial crisis.
The latest budget, which is higher than the Rp 641.17 trillion initially allocated, aims to strengthen the healthcare system, direct more spending toward social protection to boost consumption and provide incentives to rescue Indonesian businesses from bankruptcy and workers from layoffs.
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