The two-month plan to boost spending may miss its target, as analysts doubt its impact on informal workers and the middle class
“The president decided to launch the stimulus package to maintain the momentum of economic growth while strengthening domestic resilience to global pressures,” finance minister Sri Mulyani Indrawati said on June 2. “We hope that in the second quarter, economic growth can be close to 5 per cent.”
The government would finance 23.59 trillion rupiah of the two-month package, with the remainder contributed by the private sector, she added.
