JAKARTA – The government is again providing support to the business world through government spending and financing throughout 2021. Support is provide in the form of extending interest subsidies for MSMEs to reducing electricity costs.
This facility is part of an integrated policy package prepare by the Financial System Stability Committee (KSSK). This package is aim at increasing financing for the business world in order to accelerate economic recovery. With a mix of fiscal, monetary, macroprudential and financial sector prudential policies.
Finance Minister Sri Mulyani said the source of funding to provide support to the business world. Was obtain from the refocusing and reallocation of state expenditure policies. “This is intent so that the burden on the business world, especially those currently in debt, can be light. Of course, by maintaining the performance and stability of the financial system,” he said inPress Conference KSSK a virtual Monday (1/2).
4 Government Support for the Business
The first support is the extension of the People’s Business Credit (KUR) and non-KUR interest subsidies. The target recipients are customers of banking MSMEs, finance companies, Ultra Micro (UMi). Capital services PT Permodalan Nasional Madani (PNM), Pegadaian and LPDB.
The second support is an extension of electricity cost relief in the form of exemption from minimum accounts whose usage is below the provisions (40 hours on) and free subscription fees. The goal is to reduce corporate operating costs in the midst of a pandemic.
The third support is reducing the cost of treating waste and supporting environmental sustainability. This support is aim at industries that produce toxic and hazardous waste (B3), including health services, textiles and textile products (TPT) and the leather industry.
The fourth support is the development of nine industrial estates outside Java and the development of industrial areas in Batang and Subang. Three industrial areas in Subang will also receive facilities, along with industrial areas and warehousing in the Madura Special Zone.
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