FIRST, FISCAL POLICY OF THE APBN THROUGH FISCAL STABILIZATION STEPS.
First, the State Budget’s fiscal policy through fiscal stabilization measures. The Ministry of Finance provides a countercyclical response through fiscal policy in terms of expenditure, namely the acceleration of spending (village funds, social assistance). Maintaining the consumption of poor households through various programs that can be done immediately, is more targeted, has large coverage, and has a direct impact can be an effective solution. Because, marginal prospensity to consume (MPC) of poor households is high, for example, the nine-basic necessity card program, the pre-employment card. In addition, fiscal policy from the revenue side is a stimulus for the affected sector. The Minister of Finance has also announced hotel and restaurant taxes paid by the government with DAK (special allocation funds). Total DAK reached IDR3.3 trillion. That’s as compensation for the closing of Chinese tourists visiting. This is expected to be a breath of fresh air even though government compensation to the regions is not necessarily balanced because the PAD could be greater that the region receives. At present, the movement of the corona virus spreads so fast that it has even spread. For this reason, fiscal policy in terms of both expenditure and revenue will always move to adjust to the development of the corona outbreak. First, the State Budget’s fiscal policy through fiscal stabilization measures. The Ministry of Finance provides a countercyclical response through fiscal policy in terms of expenditure, namely the acceleration of spending (village funds, social assistance). Maintaining the consumption of poor households through various programs that can be done immediately, is more targeted, has large coverage, and has a direct impact can be an effective solution. Because, marginal prospensity to consume (MPC) of poor households is high, for example, the nine-basic necessity card program, the pre-employment card. In addition, fiscal policy from the revenue side is a stimulus for the affected sector. The Minister of Finance has also announced hotel and restaurant taxes paid by the government with DAK (special allocation funds). Total DAK reached IDR3.3 trillion. That’s as compensation for the closing of Chinese tourists visiting. This is expected to be a breath of fresh air even though government compensation to the regions is not necessarily balanced because the PAD could be greater that the region receives. At present, the movement of the corona virus spreads so fast that it has even spread. For this reason, fiscal policy in terms of both expenditure and revenue will always move to adjust to the development of the corona outbreak. First, the State Budget’s fiscal policy through fiscal stabilization measures. The Ministry of Finance provides a countercyclical response through fiscal policy in terms of expenditure, namely the acceleration of spending (village funds, social assistance). Maintaining the consumption of poor households through various programs that can be done immediately, is more targeted, has large coverage, and has a direct impact can be an effective solution. Because, marginal prospensity to consume (MPC) of poor households is high, for example, the nine-basic necessity card program, the pre-employment card. In addition, fiscal policy from the revenue side is a stimulus for the affected sector. The Minister of Finance has also announced hotel and restaurant taxes paid by the government with DAK (special allocation funds). Total DAK reached IDR3.3 trillion. That’s as compensation for the closing of Chinese tourists visiting. This is expected to be a breath of fresh air even though government compensation to the regions is not necessarily balanced because the PAD could be greater that the region receives. At present, the movement of the corona virus spreads so fast that it has even spread. For this reason, fiscal policy in terms of both expenditure and revenue will always move to adjust to the development of the corona outbreak.