JAKARTA: COVID-19 has set Indonesia's poverty eradication efforts back by a decade, its finance minister said on Wednesday (May 6), after regional elections were postponed amid concerns about the spread of the coronavirus.
Finance Minister Sri Mulyani Indrawati told parliament 2 million people had lost their jobs in the last six weeks in Southeast Asia's biggest economy.
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"All of our achievement in reducing the poverty rate between 2011 to 2020 is reversed," Indrawati said.
Indonesia's poverty rate was 12.36 per cent in 2011, with nearly 30 million people considered poor. The rate was 9.22 per cent in September last year, with 24.79 million people counted as poor.
Indonesia expects economic growth this year could slow to 2.3 per cent, down from 5.02 per cent last year, or under the government's worst-case scenario contract -0.4 per cent.
Indrawati said authorities expected cases of the coronavirus to peak in late May and taper off in the following month, if the country was successful in avoiding a second wave.
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READ: COVID-19: Indonesia to make exceptions for inter-city travel despite ban on Idul Fitri exodus
READ: Indonesia reports 367 new COVID-19 cases, 23 deaths
Despite an official ban on mudik, the annual exodus at the end of Ramadan, which this year falls in late May, many have since returned to their hometowns and villages across the country.
"It turns out preventing people from going back to home villages is nearly impossible," said Indrawati, referring to fears travellers from the capital could spread the virus.
The government has appeared optimistic about trying to revive economic activity, but Indrawati said these decisions would be based on how well Indonesia manages to flatten the epidemiological curve in the coming weeks.
President Joko Widodo on Wednesday ordered his cabinet to use "whatever means" necessary to ensure Indonesia's infection curve of the coronavirus outbreak goes down in May, to reach a low in cases by July.
READ: Recent activities in the South China Sea may escalate tensions amid COVID-19 pandemic: Indonesia foreign minister
Regional elecRead More – Source
JAKARTA: COVID-19 has set Indonesia's poverty eradication efforts back by a decade, its finance minister said on Wednesday (May 6), after regional elections were postponed amid concerns about the spread of the coronavirus.
Finance Minister Sri Mulyani Indrawati told parliament 2 million people had lost their jobs in the last six weeks in Southeast Asia's biggest economy.
Advertisement
Advertisement
"All of our achievement in reducing the poverty rate between 2011 to 2020 is reversed," Indrawati said.
Indonesia's poverty rate was 12.36 per cent in 2011, with nearly 30 million people considered poor. The rate was 9.22 per cent in September last year, with 24.79 million people counted as poor.
Indonesia expects economic growth this year could slow to 2.3 per cent, down from 5.02 per cent last year, or under the government's worst-case scenario contract -0.4 per cent.
Indrawati said authorities expected cases of the coronavirus to peak in late May and taper off in the following month, if the country was successful in avoiding a second wave.
Advertisement
Advertisement
READ: COVID-19: Indonesia to make exceptions for inter-city travel despite ban on Idul Fitri exodus
READ: Indonesia reports 367 new COVID-19 cases, 23 deaths
Despite an official ban on mudik, the annual exodus at the end of Ramadan, which this year falls in late May, many have since returned to their hometowns and villages across the country.
"It turns out preventing people from going back to home villages is nearly impossible," said Indrawati, referring to fears travellers from the capital could spread the virus.
The government has appeared optimistic about trying to revive economic activity, but Indrawati said these decisions would be based on how well Indonesia manages to flatten the epidemiological curve in the coming weeks.
President Joko Widodo on Wednesday ordered his cabinet to use "whatever means" necessary to ensure Indonesia's infection curve of the coronavirus outbreak goes down in May, to reach a low in cases by July.
READ: Recent activities in the South China Sea may escalate tensions amid COVID-19 pandemic: Indonesia foreign minister
Regional elecRead More – Source
