Helping the "Healthy"?

This article is intended to provide several reflective notes on the fiscal and monetary policy responses launched by the financial authorities in dealing with the impact of Covid-19.

KOMPAS/HERU SRI KUMORO

Finance Minister Sri Mulyani Indrawati (center left, foreground) hands over a Presidential Letter to House of Representatives (DPR) Speaker Puan Maharani (center right, foreground) at the Senayan legislative complex in Jakarta, Thursday (2/4/2020). The Presidential Letter proposed a series of legal adjustments for reallocating funding from the state budget to a Covid-19 emergency fund.

This article is intended to provide several reflective notes on the fiscal and monetary policy responses launched by the financial authorities (both the government and Bank Indonesia) in dealing with the impact of Covid-19.

The main thought that the writer wishes to convey is that there is an urgent need for us to rethink the political mandate given to fiscal or monetary authorities in the future, especially in coordinating in the financial sector to address development and welfare-related issues in the future.