Coordinating Minister Airlangga: Realization Of PEN As Of November 2021 Reached 61.3 Percent

Coordinating Minister for the Economy, Airlangga Hartarto. (Photo: Doc. Coordinating Ministry for the Economy)

JAKARTA - Coordinating Minister for Economic Affairs Airlangga Hartarto said that the realization of the National Economic Recovery Program (PEN) budget as of November 5, 2021, reached Rp456.35 trillion or 61.3 percent of the Rp744.77 trillion ceiling.

"The national economic recovery has reached 61.3 percent from the Rp744.77 trillion or Rp456.35 trillion ceiling," he said, quoted from Antara, Tuesday, November 9.

In detail, the realization includes health clusters of Rp. 126.65 trillion or 58.9 percent, social protection of Rp. 132.49 trillion or 72.4 percent and priority programs of Rp. 72.59 trillion or 61.6 percent.

Then the cluster of MSME and corporate support amounting to Rp. 63.45 trillion or 39.1 percent and business incentives of Rp. 61.17 trillion or 97.4 percent.

The realization of the health cluster of Rp. 126.65 trillion includes diagnostics, namely testing and tracing of 68.5 percent or Rp. 3.08 trillion, as well as therapeutics, namely incentives and benefits for health workers of Rp. 14.31 trillion or 75.6 percent of the ceiling of Rp. 18.94 trillion.

"Then also vaccination, namely the procurement and implementation of 45.3 percent or Rp. 26.18 trillion," he said.

For the realization of the social welfare cluster, which amounted to Rp132.49 trillion, among others, it was used for the Family Hope Program (PKH) 73.4 percent or Rp20.79 trillion from the Rp28.31 trillion ceiling and 66.6 percent Food Cards or Rp33.22 trillion from the ceiling. IDR 49.89 trillion.

Furthermore, the Village BLT is 64 percent or Rp. 18.43 trillion from the Rp. 28.80 trillion ceiling and the Wage Subsidy Assistance (BSU) is 75.6 percent or Rp. 6.65 trillion from the Rp. 8.80 trillion ceiling.

Meanwhile, Airlangga said macroeconomic conditions through the main indicators of the external sector reflected good resilience until early November 2021.

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The position of Indonesia's foreign exchange reserves and trade balance surplus continued to increase relatively from 2019 to October 2021 and the JCI and the exchange rate also had a fluctuating trend but continued to improve at the beginning of this month.

Indonesia also managed to record economic growth of 3.51 percent (yoy) in the third quarter of 2021.

Therefore, according to Airlangga, the recovery momentum is still on a positive track and continues to improve so that the government is optimistic that the national economy will record growth of 3.7 percent to 4.0 percent (yoy) in 2021.

"For 2022, it is projected to grow 5.2 percent (yoy). This is in line with projections from various international institutions," he said.