Government of Indonesia Plans to Spend USD 49.7 Billion on Purchases from SMEs

In a measure to help small and medium enterprises (SMEs) in Indonesia, the Government of Indonesia is planning to procure products and services worth USD 49.7 billion (over IDR 700 trillion) from SMEs for official state procurement, according to Indonesia’s Cooperatives and SMEs Minister, Teten Masduki. 

Masduki stated that a trial of the above program will begin next week and added that he will compel the Government to prioritize procuring from SMEs for 2020 and beyond as the COVID-19 pandemic has caused a 57% decline in SMEs sales since the pandemic hit Indonesia, causing a larger part of the economy to come to a standstill.

The Minister emphasized on the importance of provid...