Indonesia to shore up economy with US$8bil stimulus amid Covid-19

JAKARTA: Indonesia has prepared a stimulus package worth 120 trillion rupiahs (US$8.1 bill) to accelerate the economic growth to counter the challenges of the Covid-19 (coronavirus) outbreak, the country's finance minister said on Friday (March 13).

Indonesian Finance Minister Sri Mulyani Indrawati pointed out that the package constitutes 0.8% of the country's gross domestic product and it will be used to shore up the economic growth which has been slowing down since recently.

The minister said that the development budget deficit was estimated at 2.5% of the GDP, edging up from the initial plan of 1.8% of the GDP. The spread of the Covid19 virus has affected the country's aviation, tourism, export, import and economic activities.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

staronline /  🏆 4. in MY

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Covid-19: Sg Buloh Hospital to redirect non-Covid 19 patients to other facilitiesCORONAVIRUS | It is being prepped as an infectious disease facility to focus on Covid-19 patients.
Read more »

Elak pergi 19 tempat di Lembah Klang ada kes positif Covid-19Kes positif Covid-19 di Malaysia sudah meningkat kepada 149 kes dan cuba elak berkunjung ke 19 tempat di sekitar Lembah Klang. FMTNews FMTOhsem Covid19 Koronavirus
Read more »

19 new Covid-19 cases today; highest one-day spikeKUALA LUMPUR: Malaysia recorded 39 new Covid-19 cases today, the highest one-day spike on record, bringing the tally to 197 cases.
Read more »

Indonesia records 4th Covid-19 death | The Malaysian InsightRepublic also confirms 35 more cases, bringing total to 69.
Read more »

Indonesia president Jokowi claims herbs can fight Covid-19JAKARTA (Bloomberg): Indonesia's President Joko 'Jokowi' Widodo has been bolstering speculation that a herb concoction can ward against being infected with the coronavirus.
Read more »

Friday prayers to go on in Indonesia amid Covid-19 fears | The Malaysian InsightReligious affairs minister tells congregants to avoid shaking hands.
Read more »