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Indonesia prepares more stimulus packages for industrial sector

The Indonesian government is preparing additional stimulus packages for the industrial sector, which was heavily affected by the COVID-19 pandemic, according to Minister of Industry Agus Gumiwang Kartasasmita.
Indonesia prepares more stimulus packages for industrial sector ảnh 1Illustrative image (Source: Jakarta Globe)

Jakarta (VNA) – The Indonesian governmentis preparing additional stimulus packages for the industrial sector,which was heavily affected by the COVID-19 pandemic, according to Minister ofIndustry Agus Gumiwang Kartasasmita.

This strategic step is to revive the nationaleconomy, he said, adding that the amount of stimulus is 1.85 trillion Rp(132.14 million USD).

The government is reviewing incentives in theform of eliminating value added tax for local raw materials for export, andpostponing the tax payments for 90 days without fines, he added.

The ministry has also proposed restructuringcredit and providing capital stimulus for businesses, he said./.

VNA
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