Govt spends 19% of COVID-19 rescue package, plans more electricity subsidy

first_imgThe government has so far spent almost a fifth of its stimulus budget to contain the health and economic effects of the pandemic as President Joko “Jokowi” Widodo calls for acceleration of the national economic recovery program.Budi Gunadi Sadikin, the head of the national economic recovery task force, said Monday Indonesia had spent 19 percent of the Rp 695.2 trillion (US$41.8 billion) as of July 22.For social assistance, the government has spent 38 percent of the allocation. It has also spent 13 percent of the allocation for business incentives and 6.5 percent of the allocation for government ministries and agencies.“The President ordered us to speed up the spending of the national economic recovery program that the government had arranged,” Budi said in a virtual presser on Monday.The government is trying to accelerate the disbursement of the coronavirus rescue package to keep up with the pandemic. The slow disbursement prompted President Joko “Jokowi” Widodo to strike a more urgent tone in pushing his ministers.Read also: Jokowi ‘upset’ over ministers’ lack of sense of urgency in COVID-19 responseThe COVID-19 pandemic has slowed Indonesia’s economic growth to just 2.97 percent year-on-year in the first three months of 2020. The government expects the country to fall into recession in the third quarter.In hopes to better handle the crisis, the government formed a new team, called the National Economic Recovery and COVID-19 Response Team, which integrates the decision-making process on economic and public health fronts.Coordinating Economic Minister Airlangga Hartarto, who heads the team, said Monday the government was planning to allocate an additional Rp 3 trillion for electricity subsidy for customers in the social, corporate and manufacturing sectors to pay their minimum bills.“In addition to the electricity subsidy for low-income families that we will extend through December, we agreed earlier today on a subsidy to ease the minimum payment that industries and tourist companies have been asking for,” said Airlangga.Without the subsidy, social, corporate and manufacturer customers will have to pay a minimum of Rp 5.6 trillion for the second half of the year. Meanwhile, their actual electricity consumption costs less than half of it.\Read also: Over a million low-income households left out of electricity relief schemeAs many as 112,223 customers in the social sector, 330,653 companies and 28,886 manufacturers will get the subsidy.Previously, the government decided to extend until September the electricity subsidy for customers subscribing to State-Owned Electricity Company’s (PLN) 450 volt amperes (VA) and 900 VA schemes.Topics :last_img read more

Former Syracuse basketball recruit Moustapha Diagne reportedly to enter NBA Draft

first_img Published on April 21, 2016 at 9:34 pm Contact Connor: [email protected] | @connorgrossman Facebook Twitter Google+ Moustapha Diagne, a former Syracuse Class of 2015 signee, will declare for the NBA Draft without signing an agent according to CBS Sports. Diagne was slated to join the Orange in 2016 with Malachi Richardon, Tyler Lydon and Frank Howard before an academic issue prevented him from attending SU.He instead played this season at Northwest Florida State Junior College. The 6-foot-9 center started 31 of 33 games and averaged 10.2 points per game while hauling in 7.3 rebounds per game.Because Diagne reportedly will not sign with an agent, he’s allowed to withdraw from NBA Draft consideration and return to Northwest Florida State by May 25. Collegiate players with remaining eligibility can declare for the NBA Draft by April 25 and participate in NBA combine events.Malachi Richardson is the only non-Syracuse senior to declare for the NBA Draft, and he also did so without signing an agent. The NBA Draft will be held on June 25. AdvertisementThis is placeholder text Commentslast_img read more

Ireland’s boxing heros to return home

first_imgConlan and the rest of the Irish boxing squad will fly into Dublin Airport shortly after 5pm today after their success at this year’s World Championships in Qatar.The gold medal win by Conlan as well as the silver medal by Joe Ward and the bronze medal for Michael O’Reilly meant that Ireland finished in fourth place overall at the championships.last_img