Indonesia lifts pandemic economic recovery budget again

JAKARTA, Feb 23 (Reuters) - Indonesia's government had increased its budget to control the coronavirus pandemic and help the economy recover to 699.43 trillion rupiah ($49.60 billion), a Finance Ministry presentation showed on Tuesday.

"This is the most important engine in our economy right now," Finance Minister Sri Mulyani Indrawati said during the presentation.

The budget has been increased several times from the initial 372.3 trillion rupiah figure.

It was also announced on Tuesday Indonesian 10-year benchmark yields are up 2.4 basis points at 6.685%​​.

In another announcement, Indonesia has not shifted its stance on Myanmar to back new elections in the South-East Asian country after a military coup removed the elected government, foreign ministry spokesman Teuku Faizasyah told a briefing on Tuesday.

Foreign Minister Retno Marsudi has been rallying support among Association of South-East Asian Nations (Asean) members for a special meeting on the crisis and sources said Jakarta is proposing a plan to keep the junta to its promise of holding new elections.

Earlier, Marsudi had said that Myanmar's transition to democracy after this month's coup should follow the wishes of its people.

Her remarks came after anger from anti-coup protesters to a Reuters report that Indonesia is pushing a plan for the Association of Southeast Asian Nations (Asean) to send monitors to ensure the junta holds fair elections, as it has promised.

Protesters want the elected government to be restored immediately. Some called on social media for demonstrations at Indonesia's embassy in Myanmar.

"The inclusive democratic transition should be pursued according to the wishes of the Myanmar people. Any way forward is the means to this end," Retno said in a message sent to Reuters by her office.

"Indonesia is very concerned about the situation in Myanmar and supports the Myanmar people. The well-being and security of the Myanmar people is the number one priority," Retno said.

She called for all parties to "deploy maximum restraint to avoid bloodshed". - Reuters
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Did you find this article insightful?


100% readers found this article insightful

Next In Aseanplus News

Asean News Headlines as at 7pm on Wednesday (Feb 24)
Russian fugitive nabbed in Bali after dramatic attempt to escape deportation
Philippines to probe use of illegal Covid-19 vaccines
China ready to strengthen economic, trade fronts with US
Asean should facilitate talks, not deal solely with junta: Envoy of ousted Myanmar lawmakers
Philippine FM defends move to monitor foreign funding for NGOs
Cambodia sees marked drop in landmine, munition casualties in last 24 years: PM
Singaporean woman admits to killing maid after 'inhumane' abuse
Germany provides US$1.8mil for Lao garment workers affected by pandemic
Election panel finds Cambodia's new voter list acceptable

Stories You'll Enjoy