The Indonesian government has announced that the Bali tourism industry will receive US $78.5 million (IDR 1,1 trillion) in stimulus funding to help survive the pandemic and prepare health protocols for the eventual return of tourism.
Bali will receive the largest part of the national stimulus program due to the hard hit tourism sector.
The stimulus from the central government will be delivered to all tourism areas in Bali explained Indonesian Minister of Finance, Sri Mulyani.
“Badung will get USD $67,7 million, Gianyar will get USD $9,6 million, Karangasem will get USD $971,428, Buleleng will get USD $957,142, Klungkung will get USD $1,4 million, Tabanan will get USD $528,571, Bangli will get USD $70,785 and Jimbaran will get USD $121,428,” she said.
“Bali alone will get 1/3 of the total cash assistance from Central Government” Mulyani said during a meeting with the Commission XI of Indonesian Senators on Thursday Nov 12th 2020.
The Central Government is granting a total USD $235,7 million in stimulus packages to affected tourism areas nationwide under a program that will run until the end of 2021.
The stimulus will be granted to tourism businesses and the regional governments to help survive the pandemic financially and prepare for a cleaner and safer tourism environment for travelers.
For businesses to qualify for funding, they must hold a valid business permit, paid their taxes in 2019 and have operated until at least July, 2020.
“Each Regional Government will determine the amount of money each business gets depending on their tax contribution from 2019,” Sri Mulyani concluded.
From Bali Sun