The government will disburse Rp 25.9 trillion (US$2.7 billion) this month to bolster consumers’ purchasing power, particularly among the poor, as part of an effort to mitigate impact from the global financial crisis. The fund is part of Rp 290 trillion allocated in this year’s social safety-net budget, which is aimed at funding emergency expenses on daily needs and health care. “We know exactly which should be prioritized and protected. We are managing all aspects in our economy that could be affected by the crisis,” Yudhoyono said at the state palace Thursday night. The president said he would prioritize protection for the poor by ensuring they meet their daily needs for foods, health care, education and public services. Disbursement of government expenditures, which had been sluggish, will be fast forwarded to meet target so as to avoiding liquidity squeeze and propelling development, he said. The global financial crisis, which started as a massive default in the U.S. colla...
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