JAKARTA - Minister of Finance Sri Mulyani Indrawati indicated that the Emergency Community Activity Restrictions (PPKM) would be extended for up to 6 weeks. This is done to reduce the number of COVID-19 cases which are considered not yet sloping.
The Minister of Finance said that the risk of the COVID-19 pandemic in Indonesia was still high, amid the emergence of several new variants of the virus. The implementation of emergency PPKM is expected to reduce community mobility in order to prevent virus transmission.
"Emergency PPKM is carried out for 4-6 weeks to contain the spread of Covid-19 cases. Community mobility is expected to decrease significantly," he explained during a joint working meeting with the DPR RI Budget Agency, Monday, July 12 yesterday.
Sri Mulyani will also strengthen APBN spending to respond to the negative impact of the increase in COVID-19 cases on the Indonesian economy. On the other hand, he believes that acceleration of COVID-19 vaccination is needed to achieve herd immunity by the end of 2021.
The government itself targets that 1 million doses of COVID-19 vaccine can be injected per day in July 2021 and 2 million doses of vaccine in August 2021.
The former Managing Director of the World Bank estimates that economic growth in the first semester of 2021 will grow in the range of 3.1-3.3 percent. Meanwhile, overall economic growth in 2021 is estimated to reach 3.7 to 4.5 percent.
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