Jakarta, June 3 -- The Indonesian Government has rolled out an economic stimulus package worth 24.44 trillion IDR (nearly 1.53 billion USD) to maintain consumer purchasing power and stabilise the national economy.
The stimulus is strategically timed to coincide with the June-July school holiday season, aiming to boost consumption and economic growth. It includes measures ranging from transportation subsidies to social and employment support, Finance Minister Sri Mulyani Indrawati said on June 2.
To support people's travel, the Indonesian Government is reducing public transport fares, including a 30% discount on train tickets, a 6% exemption from value-added tax (VAT) on airfare, and a 50% discount on sea transportation fares.
The program...