Indonesia Adds $1.8 Billion of Cash Handouts in Latest Stimulus
Indonesia has announced an additional 30 trillion rupiah ($1.8 billion) in cash handouts as part of its latest economic stimulus package. This move is aimed at boosting consumer spending, which has been dampened by concerns over the weak job market and sluggish wage growth. The cash aid is expected to be distributed to low-income households, providing much-needed financial support during the ongoing economic challenges. This comes as Indonesia faces the dual challenges of the COVID-19 pandemic and its impact on the job market and consumer confidence. The government's decision to allocate these additional funds reflects its efforts to stimulate the economy and provide relief to the most vulnerable segments of the population. The cash handouts are seen as a crucial measure to spur consumer spending and potentially mitigate the economic fallout from the current economic environment.
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