Indonesia Allocates IDR182.3T Investment Fund in 2022; Mostly for Infrastructure

Translator

Ririe Ranggasari

15 December 2021 18:32 WIB

Finance Minister Sri Mulyani prepares to attend a working meeting with Commission XI of the DPR RI at the Parliament Complex, Senayan, Jakarta, Thursday, June 10, 2021. The meeting discusses the indicative ceiling of the Ministry of Finance in the 2022 RAPBN. TEMPO/M Taufan Rengganis

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati said that the Indonesian government would allocate IDR 182.32 trillion in investment funds next year for a number of State-Owned Enterprises (SOE) and Public Service Agencies (BLU).

"Some SOEs will be allocated quite a huge amount, such as Hutama Karya with Rp23.82 trillion. We will really take a look at the SOEs balances because they are quite significant in getting the balance sheet this year and next year," Sri Mulyani said in a meeting with the House of Representatives' Financial Commission on Wednesday, December 15, 2021.

Based on the data presented by Sri, infrastructure will get the largest allocation of investment funds of around IDR 86.4 trillion. The injection of funds is expected to support infrastructure development for transportation, housing, and energy security infrastructure, as well as increasing investment competitiveness and supporting access to housing finance for low-income communities.

The investment fund will also be allocated to Public Service Agencies for the education endowment fund (BLU LPDP) with an amount of IDR 20 trillion. The goal is to increase the productivity or competitiveness of human resources, as well as guaranteeing the continuity of education programs for generations to come.

The government will also allocate funds for the international cooperation cluster (IDR 1.94 trillion), community protection cluster (IDR 3 trillion), investment financing reserves (IDR 21.48 trillion), and education financing (IDR 49.48 trillion).



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