Massive stimulus plan

Indonesian Financial Minister Sri Mulyani Indrawati said Tuesday at the House of Representatives' Commission that the package was aimed at increasing people's purchasing power, the competitiveness and sturdiness of businesses facing the economic downturn, and labor-intensive infrastructure spending.
The new stimulus includes tax savings worth 43 trillion rupiahs (about 3.8 billion dollars); waived taxes and import duties for businesses and certain households worth 13.3 trillion rupiahs (about 1.2 billion dollars); and subsidies and government spending businesses, worth 15 trillion rupiahs (about 1.3 billion dollars).
Of the waived taxes and import duties for businesses and certain households, 3.5 trillion rupiahs (about 0.3 billion dollars) are for value-added taxes on oil and gas exploration, andcooking oil; 2.5 trillion rupiahs (about 0.2 billion dollars) are for import duties on raw materials and capital goods; 6.5 trillionrupiahs (about 0.6 billion dollars) are for income taxes of employees; and 0.8 trillion rupiahs (about 70.7 million dollars) are for income taxes for geothermal.