Finance Minister Purbaya Yudhi Sadewa has stated that the ministry\nhas prepared financial injections for regions experiencing financial\ndifficulties following the reduction of regional transfers (TKD).<\/p>\n
\u201cThroughout this year, I have been monitoring the financial condition\nof the regions month by month. I am continuously assessing whether there\nare any risks or if operations can continue. If not, I have prepared\nfunds to inject back into the system,\u201d Purbaya said in Jakarta on\nThursday.<\/p>\n
Purbaya noted that there has been a reduction in regional transfers\nof up to Rp200 trillion, driven by budget efficiency efforts and the aim\nto ensure regional spending is precisely targeted.<\/p>\n
He added that despite the reduction in regional transfers, the\ncentral government has increased central-led regional spending to Rp400\ntrillion.<\/p>\n
\u201cAt that time, it was evident that regional allocations were not\nhitting the mark and spending was inaccurate. Consequently, a portion\nwas redirected to the central government, which then manages the\nspending in the form of regional infrastructure development,\u201d he\nexplained.<\/p>\n
Nevertheless, Purbaya emphasised that the Central Government\ncontinues to monitor regional finances for any signs of instability, and\nif risks are identified, funds will be injected into the system.<\/p>\n
Purbaya acknowledged that in August, several regions faced\ndifficulties in paying salaries; in response, the government released\nassistance to these regions amounting to Rp20.5 trillion to ensure\nstability.<\/p>\n
Furthermore, Purbaya stated that the Central Government is\nimplementing a policy regarding the salaries of Government Employees\nwith Work Agreements (PPPK), which will be taken over by the central\ngovernment.<\/p>\n
\u201cWe have implemented a policy where PPPK staff will become full-time\nstarting in January, with salaries paid by the central government. Those\nwho were previously part-time will also be able to begin registering as\nCivil Servants (PNS) starting in January, with payments handled by the\ncentral government in stages,\u201d he said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/finance-minister-ready-to-inject-funds-into-regions-facing-financial-constraints-1788437345", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }