Indonesian Minister of Finance Sri Mulyani Indrawati has said that the number of unemployed people in the country increased by 2.67 million due to the COVID-19 pandemic, from 7.1 million to 9.77 million or from 5.23 percent to 7.07 percent.
Indonesian Minister of Finance Sri Mulyani Indrawati recently adjusted the country’s GDP growth goal for 2020 down to -0.2 to -1.1 percent from the previous 2.3 percent, and 4.5 to 5.5 percent for the next year.
Indonesia will issue larger tax breaks to cover 11 business sectors which are similar to the incentives given to manufacturing industries to help companies weather impacts from the COVID-19 pandemic.
The Indonesian Government is formulating incentives for tourism industry stakeholders such as hotels or airlines to counter negative impacts of the novel coronavirus (Covid-19), said Indonesian Minister of Finance Sri Mulyani Indrawati.
The Indonesian Government will double its disaster response budget to 15 trillion rupiah (1.06 billion USD) in 2019 after a series of major natural disasters devastated three regions of the vast archipelago last year.
Indonesian Minister of Finance Sri Mulyani has warned of global risks that could affect the country's economic situation as well as its efforts to reach the development targets in 2018, the Antara news agency reported on September 8.