In general, PEN 2021 has five types of programs
KONTAN.CO.ID – JAKARTA. Minister of Finance (Menkeu) Sri Mulyani Indrawati said the 2021 national economic recovery program (PEN) budget could possibly reach Rp 690 trillion. This figure is an increase of Rp. 156.9 trillion from the current ceiling of Rp. 533.1 trillion.
The projection for the ceiling is almost equivalent to the 2020 PEN program budget, which reaches IDR 695.2 trillion. However, last year’s realization only reached Rp. 579.8 trillion, or the same as 83.4%.
“Last night we discussed with the Coordinating Ministry and other Ministries if this figure could increase to Rp. 690 trillion. This is an economic recovery package, ”said Minister of Finance Sri Mulyani at the Mandiri Investment Forum-Macro Day, Wednesday (3/1).
The minister explained, the increase in the 2021 PEN program budget ceiling is in line with the increasing number of covid-19 cases. Thus, the government considers that it needs additional budget for the needs of procuring vaccines and vaccinations, along with other health treatments. In addition, increasing the budget portion for social protection, Micro, Small and Medium Enterprises (UMKM), and corporations.
One of the reasons for the increase in the 2021 PEN budget is the tax incentives. The Minister of Finance estimates that this year’s tax incentive could reach Rp 60 trillion. This tax incentive is given to corporations, MSMEs, including the health sector.
Nevertheless, the State Treasurer emphasized that even though the 2021 PEN budget was soaring, it did not somewhat widen the outlook for the 2021 State Budget (APBN) deficit of 5.7% of gross domestic product (GDP).
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This is done by using the allocation of excess budget funding (Silpa) for the 2020 fiscal year, and reallocation of spending by ministries / agencies (K / L) for the 2021 fiscal year.
In general, PEN 2021 has five types of programs. First, health care providers include the procurement and operation of Covid-19 vaccines, medical equipment facilities and infrastructure, treatment claims costs, incentives for health workers and compensation for their deaths, and assistance from the Social Security Administration (BPJS) for PBPU / BP.
Second, social protection in the form of the family hope program (PKH), basic food cards, pre-employment cards, direct cash assistance (BLT) for village funds, cash assistance for beneficiary families (KPM), internet quota subsidies, and electricity discounts.
Third, priority programs for sectoral, K / L and local governments with stimulus support for tourism, food security, ICT development, loans to regions and regional loan subsidies, stimulus for labor-intensive ministries / agencies, industrial estates, and other priority programs.
Fourth, the support of MSMEs and corporations includes interest subsidies for KUR and non-KUR, loss of loans for UMKM and corporations, IJP for UMKM and corporations, funding for PEN, placement of funds, and state capital participation (PMN) for SOEs that receive assignments.
Fifth, pepapajan incentives, namely income tax (PPh) Article 21 and Final PPh for MSMEs borne by the government (DTP), exemption of Article 22 Import PPh, Article 25 PPh installment discount, accelerated value added tax (PPN) restitution, and Final PPh incentives for construction services.