He made the remarks at an online press conference for the PEN task force in Jakarta on Wednesday.
“We can see that for seven weeks plus two days, we have Rp87.58 trillion that we can distribute. We still have two weeks plus two days, God Willing, we can chase Rp100 trillion,” Budi said.
Since its establishment, the PEN task force has worked for seven weeks and three days, he informed.
Looking at the distribution of aid, which has been the focus of the PEN task force so far, he said he is optimistic that the Rp-100 trillion aid distribution target may be realized by the end of the third quarter, or the end of September, 2020.
“(The aid is being provided) So that the multiplier effect can really help support Indonesia's economic growth in the third quarter," he explained.
He said there has been significant distribution of funds for several programs in 14 days of September.
The programs include the non-Greater Jakarta cash assistance program, under which, in the past two weeks, Rp2.5 trillion has been disbursed. Meanwhile, Rp2.8 trillion has been distributed in the first two weeks of September under the Pre-Employment Card Program.
And the biggest chunk of funds has gone to the salary or wage subsidy program, under which Rp3.6 trillion has been distributed in two tranches in the past two weeks.
From the total allocation for the three programs, the PEN task force has distributed Rp14.47 trillion in the past two weeks.
“If the speed of distribution of funds is the same, we can get another Rp15 trillion (distributed). God willing, we can achieve (the funding target of) Rp100 trillion (set) in the PEN program by the end of September (2020). Hopefully, it will provide sufficient support for Indonesia's economic growth in the third quarter,” he said. (INE)
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EDITED BY INE