Adpebi Science Series
2022: 1st AICMEST 2022

Fiscal stimulus for demand shock in Indonesia during the Covid-19 pandemic: Issue 1 No. 1 2022

Ernawati, Ernawati (Unknown)
Ningtyas, Rita Ayu (Unknown)



Article Info

Publish Date
20 Aug 2022

Abstract

The Covid-19 pandemic has brought about economic shocks, prompting an economic contraction. The government carried out a fiscal stimulus for the economy to survive. This study aims to examine Indonesia's fiscal stimulus policy during the Covid-19 pandemic. The research data is sourced from the Indonesian Ministry of Health, the Statistic Indonesia, the Ministry of Finance, and the Financial Services Authority. The analysis was carried out using descriptive statistics presented in tables and graphs. The comparison is made for regional growth of the expenditure component between provinces with the highest Covid-19 cases and others. The study results show that the cases of Covid-19 infection are not related to the economic contraction depth because it depends on the dominant output structure of a province. Bali was the province with the highest demand shock resulting from the tourism sector's slowdown, which triggered a decrease in derived demand, such as transportation, hotels, restaurants, and other products or services. The demand side of fiscal policy is lower than the supply side. Funds for the recovery of the tourism sector are allocated as the sector most impacted during the Covid-19 pandemic.

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Journal Info

Abbrev

AICMEST

Publisher

Subject

Agriculture, Biological Sciences & Forestry Humanities Automotive Engineering Economics, Econometrics & Finance Environmental Science

Description

Adpebi Science Series is a scientific media as a forum for publication of research results, literature reviews, and/or ideas from various disciplines. This Proceeding is a joint publication forum for Humanities and Social Sciences, as well as Science and Technology which aims to develop human ...