"We would like to convey the information that we have carried out a slight reallocation from the national economic recovery budget to give a bigger focus to the social protection program," he said at an online press conference in Jakarta on Wednesday.
He explained that the social protection program budget has been increased to Rp234.4 trillion from Rp203.90 trillion, while the budget for the health sector has been raised to Rp97.26 trillion from Rp87.55 trillion due to the planned vaccination programs.
This means, a total of Rp36.69 trillion, or 40.81 percent of the budget ceiling, has been funneled to the health sector, while Rp44.82 trillion, or 37.16 percent of the budget ceiling, has been channeled towards business incentives, he said.
Furthermore, Rp203.6 trillion, or 86.88 percent of the budget ceiling, has been allocated for social protection, and Rp97.05 trillion, or 84.53 percent of the budget ceiling, has been allocated for the micro, small, and medium enterprises (MSMEs) sector, he added.
Meanwhile, Rp36.06 trillion, or 54.66 percent of the budget ceiling, has been funneled to ministries, institutions, and regional governments, while Rp2 trillion, or 3.22 percent of the budget, has been allocated for the corporate funding sector.
Related news: LPS slashes deposit insurance rate by 50 basis points
Related news: President urges balanced push-and-pull strategy for COVID-19 handling