Indonesia's finmin signals phasing out of support to businesses hit by COVID-19

Indonesia's government will continue to support businesses hit by the coronavirus pandemic next year but in a "much more measured way" than this year on expectations that demand will recover, Finance Minister Sri Mulyani Indrawati said on Friday.

"We're going to start consolidating (fiscal policy) to make sure we can balance the need to continue to support health and economic recovery, but at the same time ... make sure our fiscal (situation) will be sustainable medium- and long-term," she said in a seminar held by the Asian Development Bank.

"We will continue using fiscal support, combining central bank support, to combat economic challenges posed by COVID-19," she added.

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