Sri Mulyani: G20 Will Discuss Joint Exit Policy from the Covid-19 Pandemic

JAKARTADAILY.ID – The Minister of Finance of the Republic of Indonesia Sri Mulyani Indrawati explained that one of the important meetings in the G20 Presidency in Indonesia in 2022 was the discussion of the Exit Policy from the extraordinary policies that were made to deal with the Covid-19 Pandemic two years ago.

All countries will begin to make adjustments in restoring their respective State Revenue and Expenditure Budgets or APBN.

Without an exit policy, unexpected excesses will appear. One of these excesses is the high demand that is not accompanied by a recovery on the supply side. The supply side did not immediately recover due to various constraints.

"Now, for example, in the United States, when the economy begins to move, the population has started to do a lot of activities and consumption has increased. However, on the other hand, the workforce is already comfortable at home. So when imported goods enter the port, no one will carry them. high inflation," she said when speaking at the 2022 BNI Business Meeting in Jakarta, last weekend.

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For this reason, she emphasized, when the state's intervention in the economy is reduced, the private sector should not keep pace with it. Supposedly, when the state budget is withdrawn, the business sector should start running its business more quickly.

Sri Mulyani gave tips to keep the economy running amidst the still-high pandemic. Vigilance against Covid-19 must be in line with economic optimism.

"Alert and Optimistic in one breath. Be flexible but don't lose focus," she said.

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