The Financial System Stability Committee (KSSK) issued an integrated policy package to increase business financing in the context of accelerating economic recovery. This is aimed at helping the economy which is progressing to improve. Minister of Finance Sri Mulyani Indrawati said this policy package is aimed at helping the sectors most affected by them so that they can survive and rise again. For this reason, KSSK provides incentives for sectors that have resilience (resilience). "So they can expand again and improve the overall condition. Of course this is done on condition that Covid can be controlled and managed well," he said in a video conference in Jakarta, Monday (1/2/2021).

This integrated policy package includes fiscal incentive policies as well as support for government spending and financing. Sri Mulyani said that the government had disbursed a budget to help the business world survive the pandemic. "So far, the APBN has been working tremendously to support the community, handle covid, provide social protection and support the business world. However, to finance the business world, we need the financial sector which must begin to recover to provide financing because this is the key to accelerating economic recovery. "he explained. In this package, Bank Indonesia (BI) also provided stimulus in the form of monetary, macroprudential and payment system policies. These central bank policies are aimed at strengthening synergies with the government, related authorities, and industries in the real sector.

Then there is the financial sector prudential policy. In this regard, OJK has also formulated priority policies to promote the intermediation function for macroeconomic recovery, including relaxation of prudential policies that are temporary and measurable in nature. Furthermore, the deposit insurance policy. The Deposit Insurance Corporation (LPS) will continue to maintain the trust of depositors through a deposit insurance program, which currently covers 99.91 percent of accounts or the equivalent of 350,023,911 accounts as of December 2020. "Various structural strengthening policies will also be carried out by the government. Acceleration of the completion of the implementation of the Job Creation Law is being carried out by the Government to ensure a substantial increase in the investment and business climate in Indonesia," he concluded.
Source: https://m.liputan6.com/bisnis/read/4472424/percepat-pemulihan-ekonomi-kssk-terbitkan-paket-kebijakan-terpadu