Government upbeat about economic stimulus preventing layoffs

Government upbeat about economic stimulus preventing layoffs

Illustration - Workers in Tangerang District, Banten, make hoes for export. ANTARA FOTO/Akbar Nugroho Gumay/h

We are optimistic that the granting of stimulus, including exempting manufacturing workers from income tax payment (PPh 21) for six months, will prevent layoffs.
Jakarta (ANTARA) - The Indonesian government is optimistic that the economic stimulus it has offered to the real sector would be able to lessen the number of laid-off workers.

"We are upbeat that the granting of stimulus, including exempting manufacturing workers from income tax payment (PPh 21) for six months, will prevent layoffs," Coordinating Minister for Economic Affairs Airlangga Hartarto noted during a press conference here on Wednesday.

He projected the fiscal impact of the decision to exempt workers from income tax payment to reach an estimated Rp15.7 trillion.

The government’s several facilities offered to the real sector will ease the burden of the business world, and it will strive as far as possible to avoid laying off workers.

Finance Minister Sri Mulyani Indrawati vouched to continue to monitor the realization of several incentives offered to the business world, including the relaxation of bank credits.

The government is keen to ensure that the incentives will help the business world to withstand the current situation and refrain from laying off workers.
Related news: Labor-intensive program to help maintain rural economic growth

Related news: Roll out economic stimulus to keep real sector moving: Jokowi

Related news: Laid-off workers to benefit from Pre-Employment Card Program


EDITED BY INE
 

Comments