Report

Govt prepares third fiscal stimulus package – FinMin

- The third package will include IDR 27tn additional spending for the health system from budget reshuffle; further support for low-income households
- FinMin lowered GDP growth forecast to 4.5-4.9% y/y in Q1, expects a further slowdown in Q2
- The third package comes less than a week after the government launched the second fiscal stimulus package worth IDR 22.9tn
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