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The Impact of Covid 19 on the Economy and Tourism of Bali

Balitraveldiary.com – The outbreak of the corona virus or COVID-19 in Indonesia has a serious impact on the national economy. Bali, which relied on revenues from the tourism sector, was hardest hit by COVID-19. As stated by Economic Observer, Viraguna Bagoes Oka, Wednesday (22/4).

He said the economy and business were very dependent on the political, social, educational, and cultural aspects whose basic foundation was transparency, accountability, trust and responsibility. So, if all aspects run the same principle, the economy and business can run well.

Nevertheless, speaking of economic and business conditions as a whole, can not be seen at this time. “Because, compared to 2018 and 2019, we have been reminded and are facing global economic limitations,” he said.

In fact, the national economic growth was depressed below 4 percent. However, at that time the government was still negligent. Thus, when the COVID-19 pandemic was affected, the national economy was at the point of complications or stage 4 at the world level. “Because of the condition (national economy-red) complications, then Bali is most depressed because 70 percent of Bali’s income depends on tourism,” said Viraguna.

Nevertheless, he is optimistic that the national economy and Bali will soon recover. Despite the many pressures, there are still many opportunities that can be raised.

“As long as we want to be careful and commit to take the initial steps. Relaxation for MSMEs is good, but support for liquidity is very urgent. That is not what the government does, because the government has many priorities, “he stressed.

Furthermore, he said, the 3 main priorities of the government in dealing with the COVID-19 Pandemic, namely breaking the chain of COVID-19 distribution, social safety nets, and providing relaxation to SMEs. However, to revive the national economy, the government must back up the financial and banking world to support the third priority, namely relaxation in the form of liquidity credit. “There are securities for sale that I expect to cost Rp. 2,000 trillion to immediately support all financial institutions to relax and help the MSME world to survive,” he said.