City proposes extra funding for construction projects<\/p>\n
The Jakarta Post, Jakarta<\/p>\n
The city administration has proposed an additional Rp 500 billion
\n(US$55.55 million) for the 2004 city budget, increasing the total
\nbudget to Rp 12.8 trillion if the City Council grants its
\napproval.<\/p>\n
City Secretary Ritola Tasmaya said on Tuesday that the
\nadditional budget would be used to complete a number of
\ninfrastructure projects including underpasses, school
\nconstruction, land acquisition and busway corridor construction.<\/p>\n
Last December, the council approved a Rp 12.3 trillion city
\nbudget for this year. This is more than last year's Rp 11.65
\ntrillion.<\/p>\n
\"We hope the council will approve the additional budget
\nproposed so that the projects can proceed,\" he said.<\/p>\n
Ritola said the administration proposed Rp 68 billion in
\nadditional budget for underpass projects in Senen, Central
\nJakarta; Tomang, West Jakarta, and Cawang, East Jakarta.<\/p>\n
The administration proposed Rp 60 billion for developing two
\nbusway corridors from Pulogadung, East Jakarta, to the National
\nMonument (Monas), Central Jakarta, and from Monas to Kalideres,
\nWest Jakarta.<\/p>\n
Other projects to be funded by the additional budget include
\nschool construction, worth Rp 93 billion, and land acquisition
\nfor the East Flood Canal, worth Rp 100 billion.<\/p>\n
Ritola said financial sources for the additional budget
\nproposed would be raised from an expected increase in tax revenue
\nfrom various sectors. He said the administration had estimated it
\nwould receive additional tax revenue of Rp 600 billion by year-
\nend.<\/p>\n
He added that another financial source was the city reserve
\nfund as the administration had proposed to utilize Rp 240 billion
\nof its Rp 800 billion reserve fund.<\/p>\n
Council deputy chairman Ibnu Sumantri said councillors would
\ncomplete deliberations on the proposal before their tenure ended
\non Aug. 25.<\/p>\n
He promised that all deliberations would be held as open
\nmeetings.<\/p>\n
The council and the administration have been criticized for
\ntheir non-transparent budget deliberations, through the holding
\nof closed-door meetings.<\/p>",
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"sponsor": "Okusi Associates",
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