Only 34% of Indonesia’s COVID-19 Stimulus Funds Disbursed in Past Six Months

The Government of Indonesia has only disbursed around IDR 237 trillion (USD 15.92 billion) or just 34.1% of the funds allocated for economic stimulus during the COVID-19 pandemic in the past six months of the crisis, according to local media reports. The Government has allocated IDR 695.2 trillion for stimulus programs, tackling health care, economic recovery and social safety net programs.

According to Coordinating Economic Affairs Minister, Airlangga Hartarto, the Government will be expanding its aid programs until December 2020 and was taking steps to boost spending, adding that disbursement of stimulus funds had increased from the first half of 2020 until September, with a 30.9% month-to-month rise in spending.