JAKARTA. The government has failed to meet the May 31 deadline set to complete all supporting regulations in the 12 economic policy packages, pledging to work harder to complete its tasks.

In a limited meeting held at the Presidential Office last week, President Joko “Jokowi” Widodo instructed for all 203 regulations and 26 implementation guidelines in the 12 economic policy packages to be finished by May 31 in a bid to speed up the stimuli effect on the economy.

However, as of May 31, only two of the unfinished nine regulations have been completed. They are a government regulation ( PP ) on tax incentives for labor intensive industry employees and  a regulation on tax incentives for real estate investment trusts ( REITs ).

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Both regulations are currently being synchronized by the Law and Human Right Ministry. Meanwhile, three of six regulation drafts sent to the State Secretary and Cabinet Secretary for the President’s approval have been returned to the Agrarian and Spatial Planning Ministry to be revised.

Coordinating Political, Legal and Security Affairs Minister Luhut Pandjaitan said the government would hold an evaluation meeting on the 12 policy packages to ensure the implementation of the deregulation policies.

"We will meet every week to catch up so all packages can be implemented […] There must be a new deadline for the uncompleted regulations," Luhut told reporters after a coordination meeting with relevant ministries in Jakarta on Tuesday.

The assistant to the Coordinating Economic Minister for trade and industry, Edy Putra Irawady, added that the 12 policy packages issued by the government since last September also required the implementation guidelines.

There are 26 guidelines that must be completed by relevant ministries, consisting of 14 regulations in the first package, a regulation in the third package, eight regulations in the sixth package, a regulation in the eight package and two regulations in the ninth package. (Ayomi Amindoni)