BLT Stimulus Program to Expire Soon

Short-Term Boost for Certain Issuers Expected

The government's BLT Kesra stimulus program, which aims to support over 35 million beneficiary families, is set to expire on December 31, 2025. As the deadline approaches, the Ministry of Social Affairs has urged all beneficiary families to withdraw the BLT Kesra funds before the end of the year. This is to ensure that the program's objectives are met and to prevent unabsorbed funds from being returned to the state treasury.

Analysts' Views on the Stimulus Program

According to Muhammad Wafi, Head of Research at KISI Sekuritos, the BLT Kesra stimulus program will serve as an instant liquidity injection, particularly for retail issuers. This is because the program will provide a short-term boost to the economy, which will benefit certain issuers. However, it is essential to note that the program's impact will be limited to the short term, and its effects may not be sustainable in the long term.

Importance of Timely Withdrawal of Funds

The Ministry of Social Affairs has emphasized the importance of timely withdrawal of BLT Kesra funds to ensure that the program's objectives are met. If the funds are not withdrawn before the end of the year, they will be returned to the state treasury, which may negatively impact the economy. Therefore, it is crucial for beneficiary families to withdraw the funds as soon as possible to maximize the program's benefits.