) (1,551) (9%) Net working capital on acquired / sold assets 37 0 (5) (780%) (158) (48) 227% Maintenance capex (42) (39) (22) 89% (183) (100) 83% Cash Flow After Strategic Spending 189 244 (465) (141%) (458
, public spending excluding transfers also contracted in both current and capital expenditures partly due to the delay of FY2020 budget. Exports for 1Q20 grew slightly at 0.9% compared to the same period
persistently experienced a high contraction due to the international travel restrictions. However, economic activities during that period were supported by the expansion of public spending, together with the
consumption picked up across all spending categories thanks to improvements in domestic demand supported by various government stimulus measures. Private investment expanded at a higher rate, driven by real
categories from the slowdown in domestic and external demands and also from the lower business sentiment impacted by the outbreak. Meanwhile, public spending excluding transfers also contracted in both current
)% (490)% Net working capital on acquired / sold assets (147) 10 (142) (1,547)% (4)% Maintenance capex (133) (50) (60) (164)% (123)% Cash Flow After Strategic Spending (1,785) 24 (253) (7,524)% (606)% Net
-openings. However, towards the middle of the year, the rising inflation and continuous increase in energy costs limited private consumption and signaled a global economic slowdown, raising spending concerns
percent. The favorable global economic conditions will continue to support exports and tourism, resulting in positive spillovers to investment in related sectors. At the same time, government spending is
and 4.) other supporting factors, namely government spending to support the low-income citizens and other short-term stimulus packages, as well as private investments to support the increase in