Senator Backs Jakarta Administration's Plan to Issue Regional Bonds

Jakarta (ANTARA) - A member of the Regional Representative Council (DPD) has backed the Jakarta Provincial Government’s plan to issue regional bonds worth IDR 5.2 trillion to fund various development projects.

Dailami Firdaus, a senator representing the Jakarta electoral district, stated his support for the innovative financing scheme on Tuesday. “We support the financing innovation being pursued by the Jakarta Provincial Government,” he said.

However, Firdaus cautioned that the bond issuance must be managed professionally, prudently, and transparently. He stressed that the proceeds must be strictly allocated to productive projects that deliver tangible benefits to the public.

“If managed properly, the issuance of regional bonds can serve as an instrument to accelerate infrastructure provision and become a model for other regions in Indonesia,” he added.

The planned bond issuance comes in response to a significant reduction in the Revenue Sharing Fund (DBH) and General Allocation Fund (TKD) transfers to Jakarta, which have decreased by approximately IDR 15 trillion. Governor Pramono Anung has championed the bond scheme as an alternative financing mechanism to sustain the capital’s development momentum.