Bank Indonesia Governor Perry Warjiyo said the Financial System Stability Committee (KSSK) chaired by Sri Mulyani was reviewing the possibility of releasing a fiscal policy package to support economic recovery. "We are currently doing this with the Minister of Finance. There are several fiscal stimulus policy packages," Perry said.
KSSK is encouraging credit for sectors with a large contribution, namely: food, beverage, post and telecommunication, footwear and base metals.
Meanwhile, in the mapping that was made, BI saw that there were eight sectors that still needed fiscal support. Among them are real estate, textile and textile products industry, mining, metal ore, furniture, forestry and machinery industries.
Perry said that his party and KSSK were looking at the possibility of sectors that still had this risk to be given fiscal stimulus. It takes the form of credit guarantee and interest rate guarantee.
This stimulus will also be driven by BI and OJK policies. BI itself has committed to keeping interest rates low this year. "Until when? Until there are signs of inflation, "he said. Likewise for liquidity. He said liquidity would remain loose until signs of rising core inflation emerged.
Perry said that his party was reviewing the possibility of macroprudential policies to support the MSME sectors. "The point is that macroprudentials are also loose to support economic growth," he said. "So all our herbs [BI] are sweet herbs," he added.
On January 4, 2021, Sri Mulyani said the government had planned a fund of IDR 403.9 trillion for handling Covid-19 and economic recovery. Among them are business incentives of Rp. 20.6 trillion and support for MSMEs and corporate financing of Rp. 63.84 trillion.