Social assistance boosts household purchasing power
Statistics Indonesia has said an increase in social assistance from the government for low income families last year helped boost people's purchasing power, the main aspect in gross domestic product (GDP) growth.
“It means that government cash transfers to low income households helped them buy or consume [goods],” BPS deputy statistics analyst Sri Soelistyowati said in a media conference on Wednesday as reported by kontan.co.id.
BPS data shows that 2018 social assistance grew 52.48 percent compared to 11.48 percent the previous year. According to Finance Ministry data, the government disbursed Rp 88.90 trillion (US$6.36 billion) in social assistance of various types last year. Read More