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$3.9 billion state spending reallocated for COVID-19 response: Sri Mulyani

first_imgSri Mulyani asked ministries to delay big-check spending to allow more room for fiscal intervention in light of uncertainties surrounding the pandemic this year. The Finance Ministry will move quickly to facilitate other ministries’ spending priorities, she added.“This will provide us with fiscal space for health care and protect the public and businesspeople.”Indonesia had 369 confirmed cases of COVID-19 and 32 deaths as of Friday. Globally, the pneumonia-like illness has infected over 240,000 people and claimed at least 10,000 lives.The government has previously announced two rounds of stimulus packages including a package worth Rp 22.9 trillion, which includes individual and corporate tax breaks. The first package, worth Rp 10.3 trillion announced on Feb. 25, provides staple needs and mortgage subsidies for low-income families and fiscal incentives for travel-related businesses.Highlights of state spending reallocation announced Friday:Incentives worth Rp 3.9 trillion for tourism as a part of the first stimulus package will be adjusted by the government to respond to the fast-changing pandemic conditions.The government will increase the number of those receiving the Family Hope program (PKH) from 10 million families to 15 million families with the same benefits, aiming to provide a social safety net for up to 70 million individuals.A total of Rp 10 trillion funds for the newly launched pre-employment card program.Health care will receive additional Rp 6.1 trillion for insurance and compensation for medical workers including doctors and nurses.The government has pledged to evaluate Rp 3.3 trillion requested by National Disaster Mitigation Agency (BNPB) to step up fight against the pandemic.The government will redesign the disbursement of Rp 72 trillion in village funds this year. The government will reallocate Rp 62.3 trillion (US$3.9 billion) of state spending from the 2020 budget to tackle COVID-19, focusing on health care, the disbursement of social funds and financial incentives for enterprises.The sum was a significant increase from previous estimates of Rp 27 trillion budget reallocation on top of the Rp 120 trillion allocation for stimulus packages as the government mulls over worst-case scenarios including the possibility of zero percent economic growth, ministers said.“We identified around Rp 62.3 trillion of planned spending that can be re-allocated to priority areas put forward by the President. This includes funding for business trips, blocked funds and non-operational purchase of goods, among other items,” Finance Minister Sri Mulyani Indrawati told a teleconferenced media briefing on Friday. “We will adjust the budget to the three priority areas, including the procurement of medical devices and hospital needs such as the preparation of Wisma Atlet [athletes’ village in Jakarta] and hospital construction in Galangan Island for COVID-19.”Read also: Jokowi urges ministers to focus budget on health care, social aid, economic stimuliSri Mulyani referred to President Joko “Jokowi” Widodo’s directive for state spending to prioritize health care, disbursement of social funds and financial incentives for enterprises to cushion the negative economic impact of the novel coronavirus.The government’s baseline scenario was for Indonesia’s gross domestic product (GDP) to grow above 4 percent this year, Sri Mulyani said. Meanwhile, under the assumption that the pandemic lasts for six months, global trade slumps by 30 percent and the country goes into lockdown, economic growth could fall to as low as zero to 2.5 percent, she added.center_img Topics :last_img read more

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SWAG Awards: Anthony Baffoe wins Sports Personality of the Year

first_imgFormer Ghana international Anthony Baffoe was named Sports Personality of the Year on Saturday by the Sports Writers Association of Ghana at their 42nd Awards Night.The General Secretary of the Professional Footballers Association of Ghana was awarded for his role in international football administration and his contribution to the development of football in Ghana, particularly at the Professional Footballers Association of Ghana (PFAG).He beat boxer Emmanuel Tagoe who won the International Boxing Organization (WBO) lightweight title to become Ghana’s only world titleholder.In other awards, TP Mazembe star Solomon Asante claimed Footballer of the Year award for the vital role he played in the Congolese side CAF Confederation cup triumph  Most Promising Star of the Year went to Sandra Owusu Ansah but she missed out on the Female Footballer of Year to Priscilla Adubea.Ghana Premier League Player of the Year was given to Wa All Stars goalkeeper Richard Ofori beating Latif Blessing (last season’s PLB MVP and topscorer) and Kwesi Donsu of Medeama. MOST PROMISING STAR OF THE YEARSandra Owusu-Ansah (Black Maidens/Black Princesses)FEMALE CLUB OF THE YEARAmpem Darkoa Ladies – For winning the National Women’s League for the first time.MALE CLUB OF THE YEAR Wa All Stars for winning the Ghana Premier League for the first time.DEDICATION AND VALOURGodwin Attram – For dedication to Accra Great Olympics where he played a key role in the club’s return to the Ghana Premier League in a dual role of Player/Coach of the club during their successful stint in the Division One League.PREMIER LEAGUE PLAYER OF THE YEARRichard Oforilast_img read more

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