Analysis of Burden Sharing Between the Government and Bank Indonesia to Meet State Budget Financing for Handling COVID-19 and National Economic Recovery Program

Abstract

This article will discuss the practices of government policies implemented in Indonesia, especially during the COVID-19 pandemic. Because this virus spreads rapidly from human to human, then of course the safety of the human soul is the most important thing. Therefore, the government responds to this situation by implementing various policies. This study aims to analyze fiscal policy, and monetary policy in an effort to anticipate the impact on the economy caused by the COVID-19 pandemic on the greater influence on Indonesia's national economy. This research uses descriptive qualitative research method which is a method to understand various concepts found in the research process, with content analysis techniques and literature research. The results showed that various efforts of the Indonesian government, namely fiscal policy needed in order to stabilize the economic system supported by monetary policy by the national monetary institution, namely Bank Indonesia and also actively supported by the role of the Financial Services Authority in Indonesia. In this case, the Central Indonesian Government and has been working to implement a combination of these policies in the national economic recovery program in order to eradicate the Nation of Indonesia from a larger economic crisis.