Indonesia’s economic healing ought to not only depend on government costs as it will not be sufficient to compensate for the slowing financial activity brought on by the coronavirus pandemic, a minister stated Wednesday, as the 2020 fiscal deficit reached a record high. Financing Minister Sri Mulyani Indrawati highlighted the remarkable level of money that had actually been put into the economy last year to anchor service activity and fight the virus, warning that the state budget plan had a restriction and might not act alone in saving the economy. “We recognize that economic recovery needs to not and will not just depend on the state budget, as it will not suffice to compensate for [falls in] usage, financial investment and export activity,” she said in a press instruction on Monday. “We need reform to attract financial investment […] and mass vaccination to develop self-confidence that …
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