29 March 2019
Construction and/or Upgrade of 3 Roads to Support the Tuakona Panambuang Market
The National Economic Recovery (PEN) Program is one of the many series of measures implemented by the Government in response to Covid-19 and its economic impact.
Apart from handling the health crisis, the PEN program aims to revitalize the economy by providing aid to affected communities. The implementation of the PEN program is regulated in Government Regulation of the Republic of Indonesia Number 23 of 2020 (PP 23/2020)
PEN Program Goals
The PEN program is an initiative to protect, preserve, and support the economic capacity of businesses in the face of Covid-19.
State Expenditure
among others, to subsidize MSME interest through financial institutions.
Placement of Funds
for banks affected by restructuring.
Guarantee
for working capital loans.
State Equity Participation
for SOEs whose capital is affected and special assignments.
Government Investment
for working capital.
MSMEs
Support to MSMEs is provided through:
Interest Subsidy: IDR 34.15 trillion.
Tax Incentives: IDR 28.06 trillion (PPh 21 DTP, final PPh UMKM DTP).
Guarantee for new MSME working capital loans: IDR 6 trillion.
Corporation
Support to Corporation is provided through:
Tax incentives: IDR 34.95 trillion (free PPh 22 imports, reduced PPh 25 installments, preliminary VAT refund).
Placement of Government funds in banks for restructuring of MSME debtors: IDR 35 trillion.
SOEs
State Equity Participation.
Compensation payment.
Bailout (investment) of working capital.
Other supports: Optimization of BMN, Bill Repayment, Loss Limit Guarantee, Delay of Dividends, Government Guarantee, National Strategic Project Bailout Payment (PSN).
