Indonesia needs to spend 40 billion USD recovering economy: business group hinh anh 1Spraying disinfectant on a public place in Jakarta, Indonesia (Photo: Xinhua/VNA)

Hanoi (VNA) –
The Indonesian government should increase economic recovery spending to 600 trillion Rp (40.17 billion USD) to help domestic businesses cope with the economic impacts of COVID-19, according to the Indonesian Chamber of Commerce and Industry (Kadin).

Kadin Vice Chairwoman Shinta Kamdani said at an online press conference on May 14 that the current budget for the economic recovery programme would be insufficient to support businesses, adding that many enterprises only have enough cash to maintain their operations by June.

President Joko Widodo should raise spending to about 600 trillion Rp for economic recovery, 600 trillion Rp for social security programmes and another 400 trillion Rp for the health system, Shinta suggested.

According to Kinda data, Indonesia’s gross domestic product (GDP) fell to a 19-year low of 2.97 percent in the first quarter of this year due to the impact of COVID-19.

The government is mulling a plan to begin easing COVID-19 social restrictions in June to allow businesses to resume operations gradually./.
VNA