Government Policies for Economic Recovery and Handling COVID -19 Virus in Indonesia

Abstract

WHO establishes coronavirus (coronavirus disease, COVID-19), as the Public Health Anxiety of the World on January 30, 2020. The increase in countries affected by the Covid-19 virus is widespread throughout the world such as America, Spain and Italy making the world economic situation even more get worse. Some institutions predict the weakening of the world economy. The contraction of the global economy is still ongoing, uncertainty in the global financial markets has declined as the sluggish spread of COVID-19. The limitation of economic activity as a step for handling COVID-19 risks reducing global economic growth in 2020. Research on Government Policy for Economic Recovery and handling COVID-19 Virus in Indonesia, taking stimulus from fiscal and monetary policies undertaken by the Bank Indonesian , Ministry of Finance and Regulations Government 2020, with descriptive qualitative research methods using secondary data such as literature books, review studies from the internet and policies from the government and related ministries. The results of this study have carried out monetary policy through Bank Indonesia, and fiscal policy through the Ministry of finance and supported by Government Regulation of the Republic of Indonesia Number 23 of 2020 concerning the Implementation of the National Economic Recovery Program in the Context of Supporting State Financial Policies for Handling the Corona Virus Disease 2019 (Covid-19) and / or Facing Threats That Harm National Economy and / or Financial System Stability and Save the National Economy. Keywords: Fiscal Policy, Monetary Policy, Covid -19, Corona Virus

Study of Indonesia's international macroeconomic indicators before and during the covid-19 pandemic

“…Pandemics have an impact on sluggish economic activity in the market in some countries of the world. World trade volume and falling commodity prices, fiscal policy and monetary policy stimulus continue to be taken by many countries to minimize the risk of economic contraction (Anggarini & Rakhmanita, 2020). This situation is what led to several international macroeconomic indicators changing.…”

Analysis of Debtor's Efforts in Settlement or Implementing Credit Obligations During the Non-Natural National Disasters of the Covid-19 Pandemic

“…1. Debtors who request relaxation or debt restructuring must be able to prove that their business activities are affected by the Covid-19 Pandemic which results in financial distress (Anggarini & Rakhmanita, 2020); 2. Prior to the Covid-19 pandemic, it must be proven that the debtor has not defaulted on his obligations to the creditor as agreed in the credit agreement between the debtor and creditor.…”

Effect of HDI Components and Development of MSMEs on Economic Growth and Their Implications on Poverty and Unemployment Province of Yogyakarta Special Region (DIY)

“…In the third quarter of 2020, economic growth was -3.49%. The policy that has been carried out by the government in the context of economic recovery is to strengthen structural reforms (Anggarini and Rakhmanita 2020;Steel and Harris 2020;Strand and Toman 2010). Several policies that will be taken by the government are improving the quality of human resources and continuing support for the empowerment of MSMEs (Aritonang 2017;Rothstein and Teorell 2012).…”