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Government corruption cartoon. Commission ii chairman ahmad doli kurnia tandjung said a government regulation in lieu of law perppu is the most suitable regulation for the postponement. In the context of dealing with covid 19 and its impact the government has issued implementing regulations of the government regulation in lieu of law number 1 of 2020 and other regulations. Jakarta antara bank indonesia bi supports the issuance of government regulation in lieu of law perppu no1 of 2020 as a relaxation of the law in mitigating the economic fallout from the coronavirus crisis which is an anticipatory step with the government the financial services authority ojk and the deposit insurance corporation lps.
1 year 2020 on state financial policy and stability of financial systems for the management of corona virus disease 2019 covid 19 andor encounter the threat to national economy andor stability of financial systems. Yesterday 31 march 2020 government regulation in lieu of law no1 year 2020 perppu 1 was issued. 12020 on state financial policy and financial system stability for handling pandemic covid 19.
A legal analysis of the government regulation in lieu of law perppu number 1 of 2020 about state financial policy and stability of financial systems for the handling of corona virus desease 2019 covtd l9 and or in order to overcome threats againts the national economy and or stability of the financial systems. The government of indonesia has issued a wide ranging regulation as part of additional steps to support the economy in the face of covid 19. Government regulation in lieu of law no.
As of 9 may 2020 14 regulations have been completed 8 regulations are in the drafting stage and 2 regulations are in the next stage. The home affairs ministry the state secretariat ministry and the law and human rights ministry have already formed a team to compose the perppu. Perppu 1 is intended to help secure national economic stability during the covid 19 pandemic.
1 year 2020 perppu 12020 technically is a temporary measure that must then be approved by parliament dpr in the next session of dpr otherwise it ceases to have effect. Perppu 1 governs new economic policy in the areas of taxation government spending and financing. In a bid to safeguard national economy and stability of the countrys financial system the government has issued government regulation in lieu of law perppu number 1 of 2020 on state financial policy and stability of financial system for the management of coronavirus disease 2019 covid 19 andor encounter threats to national economy andor stability of.
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