Government of Indonesia Releases Regulation on Implementation of the National Economic Recovery Program

Following the launch of a Government regulation on the implementation of the National Economic Recovery Program (PEN), the Government of Indonesia is now drafting the design of the PEN program in accordance with the methods set out in the Government Regulation.

Based on the above regulation, the PEN can be implemented through placement of funds, State Capital Participation (PMN), government investments and guarantees. In addition, in the early stages of the PEN, the Government can also revive the national economy through state spending, according to Rahayu Puspasari, Head of Information and Communication Bureau of Ministry of Finance (MoF).

According to Puspasari, the Government ha...