City sets Rp 12.16t budget for next year<\/p>\n
Bambang Nurbianto, The Jakarta Post, Jakarta<\/p>\n
The Jakarta City Administration is proposing some Rp 12.158
\ntrillion (US$1.43 billion) for the 2004 city budget, or a 10.68
\npercent increase from the previous year's budget of Rp 11.563
\ntrillion.<\/p>\n
Education and health is now top priority, with a proposed
\nallotment of 29.69 percent of the total budget, or Rp 3.610
\ntrillion. This year, government expenses formed the largest
\nportion of the budget at 31.31 percent of the budget, provoking
\nwidespread criticism.<\/p>\n
The proposed figures were revealed in the 2004 City
\nDevelopment Plan (Repetada) which was approved by the City
\nCouncil on Thursday. The detailed draft of the 2004 City Budget
\nwill be submitted to the City Council in early December.<\/p>\n
The Rp 12.158 trillion includes Rp 2.228 trillion, which is
\nthe expected unused portion of the 2003 budget.<\/p>\n
The city development plan also shows that original income
\n(PAD) will contribute Rp 5.356 trillion to next year's budget,
\ncompared to this year's contribution of Rp 4.662 trillion.<\/p>\n
The income shared by the city and the central government is
\nexpected to reach Rp 4.520 trillion, an increase of 6.07 percent,
\ncompared to this year's figure of Rp 4.262 trillion.<\/p>\n
A detailed source of the city's income is not yet available,
\nbut it is estimated that the budget will still rely heavily on
\ntaxes, particularly vehicle taxes.<\/p>\n
Although the budget for education and health has experienced a
\nsignificant increase, the figure has not fulfilled the
\nconstitutional target which -- for the educational budget alone
\n-- should be 30 percent of the total budget.<\/p>\n
This year, administration expenses reached Rp 3.620 trillion.
\nNext year, the budget for administration will be Rp 3.101
\ntrillion.<\/p>\n
Other significant expenses will be for infrastructure,
\nreaching Rp 2.531 trillion. Special attention is given to the Bus
\nRapid Transit (BRT) or busway project and the East Flood Canal
\nproject, with a combined budget of Rp 1.292 trillion.<\/p>\n
Several important macroeconomic indicators for the 2004 city
\nbudget, stated in the city development plan, include an economic
\ngrowth of 4.80 percent, an inflation rate of 9 percent, and the
\nexchange rate against US dollar at Rp 8,700.<\/p>\n
Trade and services will be the main contributor to the
\ncapital's economy, predicted at 65.54 percent; followed by
\nindustries, electricity, and clean water at 34.33 percent, and
\nagriculture 0.16 percent.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/city-sets-rp-1216t-budget-for-next-year-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}