The Realization of the Pandemic Handling Budget and the National Economic Recovery Program Reached IDR 173.98 Trillion

Coordinating Economic Minister Airlangga Hartarto said the realization of the pandemic handling budget and the National Economic Recovery Program (PEN) until August 2020 reached IDR 173.98 trillion or 25% of the IDR 695.2 trillion total budget. In detail, the health budget up to August 19 was 8.4% of the Rp 87.55 trillion ceiling. Second, the realization of social protection is equal to 49.7% of the total budget of IDR 203.91 trillion. Then the sectoral budget of ministries/agencies and regional governments was realized 13.1% of the ceiling of Rp 106.05 trillion. Then, for the business incentive sector stimulus, the realization of the budget was 14.3% of the Rp 120.61 trillion ceiling. Furthermore, the realization of the support budget for MSMEs reached 37.2% of the ceiling of Rp 123.47 trillion. Finally, the realization of corporate financing is still 0%. (Investor Daily)

The Federal Reserve has used only a fraction of the $600 billion in an emergency lending program for small and medium businesses struggling with the Covid-19 pandemic, according to a congressional watchdog report. Eligible lenders participating in the Main Street program have issued $496.8 million in loans, of which $472 million is Federal Reserve money, or about 0.07% of the central bank’s lending capacity as of Wednesday, according to the report issued Friday. (Bloomberg)

Source: Danareksa Sekuritas Debt Research