Finance Minister Encourages Innovation to Reduce State Budget Usage
By : Herry Barus And Aldo Bella Putra | Saturday, December 30 2017 - 20:00 IWST

Menteri Keuangan, Sri Mulyani (Foto: Ist)
INDUSTRY.co.id - Jakarta - Finance Minister Sri Mulyani Indrawati encourages ministries / agencies to innovate to reduce the use of state budget and revenue (APBN) in running national priority and strategic programs.
"Our ministry / institution asked to also innovate and be creative to be able to keep running the national priority program but not fully funded directly through APBN or budget allocation," said Ani, the Minister of Finance`s greeting in signing the 12 banking loan credits with KAI for LRT Jabodebek in Jakarta, Friday (29/12/2017)
According to her, the current financing of priority projects can be done through a combination of ministry budgets, budgets on state investment in state enterprises, subsidies and guarantees up to a number of instruments prepared by the Ministry of Finance such as Government Cooperation with Business Entities (KPBU).
Jabodebek LRT project itself, continued Ani, has a complicated financing structure because it not only uses state money for multiyear project contracts (multiyears).
The Rp29.9 trillion project also uses the State Budget (APNN) in a number of instruments, namely State Equity Participation (PMN) to investors and project contractors, namely KAI and Adhi Karya amounting to Rp9 trillion, government guarantees and ticket subsidies.
Ani asked all parties involved to participate in maintaining and supervising the project until completed in 2019.
"With more and more oversight, we hope that Adhi Karya can perform the functions of contractors in a good, efficient, non-compromised quality There is no corruption Then KAI can also manage projects efficiently, well, no corruption and loans can be returned unsecured I have to be called ( KPK)," she said.
Minister of Transportation Budi Karya Sumadi who also attended the event admitted Jabodebek LRT project to be a new breakthrough in infrastructure financing that no longer rely on the state budget.
"For us this is a new era in which one infrastructure that has been using the APBN, we managed to break through the gap, to be privately funded," he said.
Budi hopes the signing of a syndicated loan contract from 12 banks for the new transportation project can provide certainty of project completion. "Also answered some doubts about the continuation of this project," he concluded. (Ant)
Read Also
Sri Mulyani: 2023 Budget Must Stay Flexible in Facing Global Economic…
Robocash Group reached 2 BN USD of disbursement and issued audited…
FSB Indonesia launches Fundo, Asia’s First and Indonesia’s Only…
TMRW by UOB launches TMRW Pay, An E-commerce loan To Help Consumers…
Fintech the Main Driver of Financial Services Employment Up 45% in…
Today's Industry

Sabtu, 25 Maret 2023 - 20:00 WIB
The Government Maintains Availability and Price Stability of Staples Ahead of Eid
Indonesian President Joko Widodo (Jokowi) instructed his staff to take steps to prepare and anticipate the availability and price stability of basic commodities ahead of Eid al-Fitr.

Sabtu, 25 Maret 2023 - 18:51 WIB
President Jokowi Receives PBNU Chairman
Indonesian President Joko Widodo (Jokowi) received the general chairman of the Nahdlatul Ulama Board (PBNU), Yahya Cholil Staquf, at the Merdeka Palace, Jakarta, Friday (24/03/2023).

Sabtu, 25 Maret 2023 - 17:43 WIB
Meet President Jokowi, Palestinian Ambassador Appreciates Indonesia's Endless Support
Indonesian President Joko Widodo (Jokowi) received the Palestinian Ambassador to Indonesia, Zuhair Al-Shun, at the Merdeka Palace, Jakarta, on Friday (24/03/2023).

Sabtu, 25 Maret 2023 - 16:36 WIB
American Express Reveals 2023 Top Travel Trends
American Express Travel® released their 2023 Global Travel Trends Report today, highlighting four global trends inspiring people to travel this year.

Sabtu, 25 Maret 2023 - 15:22 WIB
Encouraging Supply Chain Integration in the Textile and Textile Products (TPT) and Footwear Industries, the Government Prepares Various Policies
Despite facing tough challenges and the threat of recession, the Indonesian economy grew positively by 5.31% (yoy) in 2022.
News Comment