We agree to fully support (the Perppu), every policy must be carried out prudently, measured, and carried out as carefully as possible so as not to cause economic and legal impacts in the futureJakarta (ANTARA) - The House of Representatives' Budget Committee has voiced its support for the Government Regulation in Lieu of the Law (Perppu) number 1 of 2020 on State Financial Policy and Financial System Stability for Handling COVID-19.
The support has come amid the financial and economic fallout from the ongoing pandemic.
"We agree to fully support (the Perppu), every policy must be carried out prudently, measured, and carried out as carefully as possible so as not to cause economic and legal impacts in the future," said chairman of the House's Budget Committee, Said Abdullah, during a virtual meeting on Perppu number 1 of 2020 on Monday in Jakarta.
He said the committee will supervise the management of state finances in handling the coronavirus outbreak with the representatives' instruments, to ensure it falls in line with the nation's Constitution.
The committee will continue to provide full support in the three interventions, stipulated in the Perppu, that will be conducted by the government. They include overcoming public health challenges, providing social assistance to the poor and vulnerable, and preventing and handling potential crises in the financial system.
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Despite its full support, the House of Representative does not necessarily eliminate the government's Constitutional obligation to obtain the House's approval for Perppu No. 1 of 2020, the committee chairman continued.
"For that reason, the government will need to provide a full explanation regarding the background, the rationale, legal construction, as well as the economic and financial implications it (the Perppu) will lead to," he said.
All of these measures need to be carried out to ensure no legal issues crop up in the future. On the other hand, the Perppu can answer to the objective needs of the challenges that have arisen as a consequence to the spread of COVID-19, he added.
Minister of Finance Sri Mulyani also attended the virtual meeting and explained the Bill on the Stipulation of Perppu Number 1 of 2020. (INE)
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EDITED BY INE
Translator: Dewa Ketut Sudiarta Wiguna/Ari
Editor: Fardah Assegaf
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