Indonesia plans money transfers for almost 14 mln workers

FILE PHOTO: A worker wearing a protective face mask sorts onion at a standard market amidst the spread of the coronavirus illness (COVID-19) in Jakarta, Indonesia, August 3,2020 REUTERS/Ajeng Dinar Ulfiana

JAKARTA (Reuters) – Indonesia prepares to offer cash transfers to 13.8 million employees at an expense of around $2.15 billion under its stimulus plan to prop up home usage in Southeast Asia’s greatest economy throughout the pandemic, officials said.

Indonesia reported on Wednesday gross domestic product contracted 5.32%in the 2nd quarter as home consumption, which accounts for over half of the economy, fell 5.51%from a year earlier.

” The federal government’s goal by pouring additional earnings is to support home usage, which is important to move the economy and promoting financial enhancement,” State-owned Business minister Erick Thohir said on Thursday.

Thohir stated in the declaration workers on a regular monthly income of below 5 million rupiah ($34364) would get about $41 a month for 4 months beginning September.

Thohir, who is chairing a COVID-19 recovery task force, said non-government officers in addition to employees of state-owned companies registered with the employee’s social security service provider BPJS Ketenagakerjaan would be eligible.

Financing Minister Sri Mulyani on Wednesday put the expense of the programme at about 31.2 trillion rupiah ($ 2.15 billion) and stated it belonged to efforts to accelerate dispensation of the government’s COVID-19 stimulus by reallocating parts of the $50 billion programme to more practical usage.

Reporting by Tabita Diela; Editing by Ed Davies


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