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
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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
Announced: 11 May 2020
Interest payment subsidy
In force
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 government to provide int...
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Implementation date
28 May 2020
Revocation date:
No revocation date
Announced: 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 trillion (U...
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Implementation date
11 May 2020
Revocation date:
No revocation date
Announced: 11 May 2020
Lending support
In force
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 state loans of ID...
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Related State Acts
Announced: 31 Mar 2020
Indonesia: Third round of measures to soften economic impact of COVID-19
Announced: 13 Mar 2020
Indonesia: Second stimulus package announced in relation to the COVID-19 impact
Announced: 25 Feb 2020
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