Indonesia disburses 3.7 billion USD to support 12 SOEs

The Indonesian government has decided to spend 52.5 trillion Rp (about 3.7 billion USD) to help 12 state-owned enterprises (SOEs) resume their post-pandemic operations, towards reviving the national economy, said Finance Minister Sri Mulyani on June 3.

Thursday, June 04, 2020 10:47

Indonesia disburses 3.7 billion USD to support 12 SOEs ảnh 1

Indonesian Finance Minister Sri Mulyani (Photo: https://en.antaranews.com/)

Jakarta (VNA) – The Indonesian governmenthas decided to spend 52.5 trillion Rp (about 3.7 billion USD) to help 12state-owned enterprises (SOEs) resume their post-pandemic operations, towards revivingthe national economy, said Finance Minister SriMulyani on June 3.

The selected SOEs are considered as important contributors to Indonesia'seconomy, the minister said.

The move, which is part of the National EconomicRecovery Programme (PEN), came in the context that Indonesia’s economy hasbeen seriously affected by the COVID-19 pandemic. The country's economicactivities have been almost completely halted, causing enormous pressure on thenational economy.

Mulyani said the SOEs will receive direct cashsupport, and other financial assistance related to fuel, electricity and waterfor their production activities./.

VNA

#Indonesia government #SOEs #post-pandemic operation #national economy #COVID-19 pandemic #Vietnamplus #Vietnam news #Vietnam News Agency

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