Announcement
11 May 2020
In May 2020, the government of Indonesia implemented the National Economic Recovery Program through several interventions such as reducing Corporate Income Tax (CIT) rate, providing interest payment subsidies ranging from two to six percent to SMEs, providing subsidies of IDR 2.78 trillion (USD 187.4 million) to palm oil sector, and providing state loans of IDR 87 trillion (USD 5.9 billion) to commercial banks who provides working capital to SMEs.
Source
Sign in to access
Number of interventions
3
3 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
09 Jul 2020
Revocation date:
No revocation date
Updated: 11 May 2020
Interest payment subsidy
In force
<p>As a follow up of regulation 23/2020 on the implementation of the National Economic Recovery (NER) program, Ministry of Finance issued regulation PMK 85/2020 that enables the governm...
Sign in to see more
Implementation date
28 May 2020
Revocation date:
No revocation date
Updated: 11 May 2020
Production subsidy
In force
In accordance with the Regulation 23 of 2020 (Reg 23/2020) on the implementation of the National Economic Recovery (NER) program, the government of Indonesia provides subsidies of IDR 2.78 tri...
Sign in to see more
Implementation date
11 May 2020
Revocation date:
No revocation date
Updated: 11 May 2020
State loan
In force
<p>Pursuant to Regulation 23 of 2020 on the implementation of the National Economic Recovery (NER) which was announced and commenced on 11 May 2020, the government of Indonesia provides...
Sign in to see more
Threads
See all
This state act is not part of any Thread yet.