In Japan, the Government of Indonesia Shared Experiences of Economic Reform during a Pandemic

Photo: Instagram @smindrawati

JAKARTA – The government through the Minister of Finance, Sri Mulyani, had the opportunity to be a speaker at the IMF-JICA Conference regarding the handling of the COVID-19 pandemic which is in line with Indonesia's economic reform agenda. The agenda is part of the Minister of Finance's working visit to Japan earlier this week.

According to the state treasurer, the Government of Indonesia is designing various fiscal policy reforms to balance the sustainability of the state budget.

“We carry out short-term functions - allocation, distribution and stabilization. Two of them are very important, namely the Law on the Harmonization of Tax Regulations (HPP) and the Law on Harmonization of Central and Regional Finances (HKPD).

"Two omnibus laws were also enacted, namely the Job Creation Law and the Financial Sector Development and Strengthening Law (P2SK). This is a step to ensure that the domestic financial sector continues to grow inclusively, deeply and stably", she said in a written statement Tuesday, February 14.

The Minister of Finance explained that regulatory reforms carried out during the pandemic will continue to be strengthened in the current recovery era.

"Indonesia will ensure the acceleration of structural reforms continues", she said.

During a visit to the Land of the Rising Sun, the Minister of Finance also met with several important parties, including Japanese Minister of Finance Shun'ichi Suzuki and Chairman of the Board of Mitsubishi Corp. Takehiko Kakiuchi.

"We will continue to spur the economy to continue to grow higher, more inclusive, and more sustainable", concluded Minister of Finance Sri Mulyani.