TEMPO.CO, Jakarta - Finance Minister Sri Mulyani said that 40.67 percent of workers in Bali experienced declining income during the Covid-19 pandemic. The people with the lowest income are hit with the most pressure.
"Because the lower your income is, the sharper the decline," she said at the Bali Economic and Investment Forum 2021 on Thursday, April 21.
The minister said that people with an income of less than Rp1.8 million experienced a decrease by 67.65 percent. Workers with Rp1.8million to Rp3 million experienced an average decline of 52.60 percent.
Reduced income has put the poor and vulnerable groups, especially those working in the informal sector, at great risk during the Covid-19 pandemic.
Sri Mulyani said that the condition has prompted the government to allocate social assistances to 30 percent of the people in the lowest decile.
The pandemic, she said, had multiple negative impacts on the Bali's economy, as the island heavily relies on tourism and foreign visits. Domestic tourist visits have not been able to boost tourism activities, as people's movements are still restricted.
Sri Mulyani hopes that a number of economic recovery efforts by the government, such as relaxing loans for hotels and restaurants, can provide a sense of optimism to business players.
Francisca Christy Rosana