$1.73b to be collected for reforestation fund<\/p>\n
JAKARTA (JP): The Ministry of Forestry will raise a total of
\nUS$1.73 billion for reforestation funds within the sixth Five-
\nyear Development Plan period (Repelita VI), up more than 50
\npercent from $1.12 billion during Repelita V.<\/p>\n
The ministry said here yesterday that $317 million of the
\ntotal will be raised in the fiscal year which started in April,
\n$331 million in the second, $346 million in the third, $363
\nmillion in the fourth and $381 million in the last year.<\/p>\n
The government has assigned wood-processing companies to
\ncollect reforestation funds and forest royalties for logs taken
\nfrom forests and to transfer them to the state treasury coffers
\nthrough the designated banks.<\/p>\n
Over the past five years to last March, the Ministry of
\nForestry received Rp 2.42 trillion ($1.12 billion) in
\nreforestation funds.<\/p>\n
Since the funds were deposited at state banks in the name of
\nthe Minister of Forestry they earned Rp 1.19 trillion in interest
\nrevenue.<\/p>\n
By last April, the balance of reforestation funds in the
\nminister's account totaled Rp 2 trillion because Rp 1.02 trillion
\nhad been spent on reforestation and timber estate programs.<\/p>\n
The House Budgetary Commission has often suggested that the
\nreforestation funds be managed under the state budget. (icn)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/173b-to-be-collected-for-reforestation-fund-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}