The government said the economic recovery this year is expected to continue. Especially with the controlled cases due to the delta variant that occurred in the middle of this year. Minister of Finance Sri Mulyani Indrawati in the presentation of the KiTa State Budget said that the export performance of the last few months could compensate for the slowdown in household consumption in the third quarter of this year. In the presentation, it was stated that the trade balance was a surplus of US$ 4.37 billion, supported by a higher non-oil and gas export surplus compared to 2020. Export and import activities are predicted to grow stronger, as reflected in the performance in the third quarter of 2021, which grew in double digits. Next year, the community and business actors must be more prepared with the implementation of a new lifestyle or Living with Endemic.
In addition, household consumption and exports are projected to be economic drivers for 2022. However, there are things that need to be watched out for, especially the normalization of the Fed's monetary policy and logistical barriers to imports and exports. Executive Director of the Indonesian Export Financing Agency (LPEI) Daniel James Rompas said that as the Ministry of Finance's Special Mission Vehicle (SMV), the Government Guarantee program distributes to banks. This program aims to revive the economy by financing new working capital or additional working capital provided by banks to corporations affected by COVID-19. With this Jaminah, the guarantee fee is borne by the government 100% for a ceiling of Rp 5 billion to Rp 300 billion. Then 70% borne for the ceiling above Rp 300 billion to Rp 1 trillion. "Until September 2021, there are 16 business sectors participating in the Jaminah program with a workforce of more than 50 thousand people," he said, Tuesday (26/10/2021).
He revealed that LPEI also received a special export assignment with an allocation of Rp 6.2 trillion, until September 2021 the realization reached Rp 335 trillion.
Meanwhile, the distribution of export financing for the SME segment has been recorded at Rp 14.6 trillion. There are around 9,310 direct and indirect workers involved. Covering the food industry, wood material industry, textiles to marine fisheries. Export destination countries vary from Europe, the United States, Japan, the Middle East, China, Thailand and Australia. LPEI also contributes to the national economic recovery (PEN) through Jaminah prognosa until December 31, 2021, amounting to Rp 7.5 trillion. "There is also a coaching program consulting service for new exporters as many as 936 SME participants and 70 new exporters," he explained. James hopes that the challenge for this export is the country's condition during the recovery period of the pandemic. It is hoped that there will be no more lockdowns that can stop the flow of goods. He is optimistic that with the improvement in health due to vaccination, the world economy will grow and be active again. "If the hotel, restaurant and cafe sector has opened, growth can be encouraged," he explained.
