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INDONESIA FISCAL STIMULUS IN 2009

INDONESIA FISCAL STIMULUS IN 2009. Directorate General of Budget – Ministry of Finance Republic of Indonesia February 2010. Fiscal Stimulus: Aims. Increasing purchasing power: Lowering personal income tax rate ( PPh ); Increasing n on-taxable amount of gross income (PTKP);

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INDONESIA FISCAL STIMULUS IN 2009

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  1. INDONESIA FISCAL STIMULUSIN 2009 Directorate General of Budget – Ministry of Finance Republic of Indonesia February 2010

  2. Fiscal Stimulus: Aims • Increasing purchasing power: • Lowering personal income tax rate (PPh); • Increasing non-taxable amount of gross income(PTKP); • Subsidy of generic medicine and free tax for cooking oil; • Increasing social expenditure and direct subsidy to poor families • Maintaining competitiveness & resilience : • Lowering company income tax rate ; • Free import tax for import of goods & services used for public facilities/utilities; • Discounted electricity rate for industrial usage; • Interest subsidy for clean-water companies; • Decreasing diesel fuel price for industrial usage; • Increasing government stake on two export insurance companies. • Increasing employment: • labor intensive infrastructure development in sectors such as public work, transportations, energy, people houses; • additional allocation for community development projects (PNPM) , • training for unemployed labor force

  3. Instrument Stimulus Fiscal 2009 3

  4. Stimulus for Increasing Purchasing Power, 2009 (in Billion Rupiah) 4

  5. Stimulus for Maintaining Competitiveness & Resilience, 2009(in Billion Rupiah) 5

  6. Realization of Tax Subsidy, 2009(in Billion Rupiah) 6

  7. Criteria for Programs/Activities eligible to be financed with Stimulus Fiscal Fund • Employ significant labors; • Can be finished in 2009; • Comply to President Instruction No. 5 Year 2008 on Economy Program Focus 2008-2009; and consistent with the government strategic plan; • Complete the existing infrastructures, so the whole system can be more efficient; • Project design already prepared, or can be prepared immediately; • No land procurement problem; • Can absorb the fund in the 2009 (no carry over to 2010) 7

  8. Realization of Stimulus Fiscal Expenditure FY 2009 • Realization amount to Rp. 11,2 trillion (91,9 % of the allocation Rp. 12,2 trillion). It’s not 100% absorbed because of (1) operational efficiency;(2) land procurement problem; (3) force majeure condition (earthquake)

  9. Thank you

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