Page 39 - Buku BPJT 2020
P. 39

Negative  economic  growth  was  due  to                                             out  with monitored and strict health
          stagnant business activities. According to                                           protocols applied.  The implementation of
          BPS, the transportation and  warehousing                                             the protocol in the construction sector is
          sectors recorded the largest decline in GDP                                          regulated in the Instruction of the Minister
          throughout 2020, namely 15.04 percent.                                               of Public Works and Housing (Inmen PUPR)
                                                                                               No 02/IN/M/2020 on Protocol for Corona
          It  was  then  followed  by  accommodation                                           Virus Disease 2019 (Covid-19) Spreading
          and food & beverage service sectors by                                               Prevention.
          10.22 percent. The stagnancy in business     Presiden Joko Widodo  dalam
          sectors  is  reflected  in  the  decline  in  the   Visi  Pembangunan  2020-         Budget Reallocation
          hotel room occupancy rate of minus 39.75     2024 menegaskan, salah satu             Force majeure due to the pandemic forced
 BADAN   PENGATUR   JALAN   TOL  hotels and restaurants were closed during   melanjutkan  pembangunan  that started as a health problem quickly
          percent.  The number of  visits by foreign
                                                       prioritas  pemerintah  adalah
          tourists is minus 75.03 percent. Many
                                                                                               recalculation of the budget.  A pandemic
                                                                infrastruktur.
          the Covid-19 pandemic.
                                                                                               reached the economic sector and triggered
                                                                                               social problems. Therefore, the Ministry of
                                                       In
                                                                         Development
          The construction sector,  which is closely
                                                           2020-2024
                                                                                               Finance  as  the  state’s  treasurer  focused
          related to the infrastructure, could not
          escape the contraction either after having
                                                                                                                    protection,
                                                                                               management,
                                                                                                             social
                                                       confirmed  that  the  government
                                                                                                                                and
          contracted 3.26 percent throughout 2020.     Visions,  President Joko Widodo         the 2020 budget allocation for health
                                                                                               domestic economic recovery.
                                                       priority is among others carrying
          Despite negative  value, performance of       on infrastructure development.
          the construction sector  was still much                                              The Covid-19 pandemic  forced the
          better than those of transportation as well                                          government to make special policies,
          as food and drink accommodation.                                                     i.e.  widening  the  budget  deficit  to  6.34
                                                                                               percent of GDP. Therefore, the government
          This  is  partly  due  to  the  fact  that                                           needed special fundings as well to be able
          infrastructure projects continue to roll                                             to  finance  Covid-19  management  and
                                                                                               economic recovery programs, such as by
                                                                                               issuing government bonds (Surat Utang
                                                                                               Negara/SUN).
                                                                                               ank Indonesia also helped the absorption
                                                                                               of SUN emissions under a burden sharing
                                                                                               scheme  with the Ministry of Finance. In
                                                                                               response  to  sharp  decline  in  purchasing
                                                                                               ability, Bank  Indonesia  lowered the  BI 7
                                                                                               Days Reverse Repo Rate three times until
                                                                                               it reached the level of 3.75 percent, the
                                                                                               lowest in history.

                                                                                               Presidential Instruction Number 4 of 2020
                                                                                               is the basis for the activity refocusing,
                                                                                               budget reallocation, and procurement
                                                                                               of goods and services for Covid-19
                                                                                               management.  Budget reallocation  was
                                                                                               also regulated in Presidential Regulation
                                                         Peresmian jalan tol oleh Presiden Joko Widodo.  Number 54 of 2020 on  The Revision of
                                                                                               Allocation and Details in the Income and
                                                                                               Expenses of the State Budget 2020. This
                                                                                               regulation  was later revised to become
  BADAN   PENGATUR   JALAN   TOL
                                                                                               Presidential Decree Number 72 of 2020.
                                                                                               In accordance  with the big theme of
                                                                                               the 2020 State Budget (APBN), the
                                                                                               infrastructure sector received a sizable
                                                                                               budget  ceiling  of  Rp423.3  trillion.  This
                                                                                               number was 7.4 percent bigger compared
                                                                                               to 2019 budget of Rp394.1 trillion.



                                                        Transformasi Jalan Tol, Merajut Nusantara (Toll Road Transformation, Connecting The Nation)   |   39
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