Tuesday, 09 October 2018 18:51

Indonesian Finance Ministry Encourages Innovative and Creative Funding Scheme

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Indonesian Finance Minister Sri Mulyani Indonesian Finance Minister Sri Mulyani VOI-ANDY

Indonesian Finance Ministry Encourages an effort to build innovative and creative funding scheme for fiscal security. Indonesian government has initiated some innovative and creative funding in form of cooperation between government and enterprises. It was stated by Indonesian Finance Minister, Sri Mulyani Indrawati on the sidelines of International Monetary Fund (IMF) and World Bank Annual Meeting in Bali on Monday (8/10). She said the effort is a breakthrough that can encourage development acceleration in Indonesia which does not depend on state’s funding through State Budget (APBN).

If we look at the funding evolution from many development programs, recently we depend easily on State Budget. Meanwhile, there  is much fund comes from outside the State Budget, whether it is State Owned Enterprises ( BUMN) or foreign private sectors that want to participate. For those interested, we structurized it so that the participation from private sectors can be faster, but they are accountable. Ministry of Finance keeps on the track of the risk. That’s called contingent liability,” said Sri Mulyani.

Minister Sri Mulyani said that the government is continuously committed to supervising cooperation between the government and enterprises. It is aimed at keeping accountability from the running development program. (VOI/ANDY/TRANS AF/DP)

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