JAKARTA - The Coordinating Minister for the Economy, Airlangga Hartarto, together with the Minister of Finance, Sri Mulyani, were summoned by President Joko Widodo (Jokowi) to the Palace to hold a special meeting related to the development of food and energy prices that continue to soar.
In his statement, Airlangga said that he received a special message from the Head of State.
"The president gave directions to always monitor and follow daily for increases in various commodities, especially food and energy as a result of geopolitics in Russia and Ukraine which was transmitted to Indonesia in the form of rising commodity prices and also rising inflation", he said via online channel Tuesday, April 5th.
According to Airlangga, the President also said to provide social assistance to the community as a cushion in the midst of rising prices.
"According to the directives, social protection needs to be strengthened", he stressed.
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Then, Airlangga also said that the food sector was the main focus through ensuring the availability of fertilizer for farmers.
"The increase in fertilizer prices is also a concern for both subsidized and non-subsidized uses", he said.
On the same occasion, the Minister of Finance revealed that his party was ready to support it from a budget perspective.
"We from the Ministry of Finance will prepare it from the State Budget because, as stated, the extraordinary increase in commodity prices", she said.
The state treasurer also explained that the readiness of funds had been carried out through the 2022 National Economic Recovery (PEN) allocation.
"The program for our economic recovery has a budget of IDR 455 trillion in PEN which will then be channeled for worker incentives, food security, and the creation of new jobs", explained Minister of Finance, Sri Mulyani.
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