medcom.id, Jakarta: The Commission XI of the House of Representatives (DPR), along with the government, agreed to erase the use of State Budget to bail out troubled banks during financial crisis on the Financial System Crisis Prevention and Mitigation (PPKSK) draft bill.
Previously, the government submitted an article allowing the state budget to be utilized as a loan provided to the Deposit Insurance Corporation (LPS) for bailing out the troubled banks.
Chairman of Commission XI, Ahmadi Noor Supit mentioned that the decision is to be brought to the meeting between factions and then to the plennary mmeeting on March 18.
"There are no rejection from any faction on all articles," mentioned Supit at the Parliamentary Complex, Senayan, South Jakarta, Friday (2/11/2016).
Supit added that as the final decision maker, the President could decide to use the state budget or other measures. However, the action is not covered in the PPKSK Law. He explained that the President in crisis situation could publish the Government Regulation in Lieu of Law (Perpu).
"This Law does not allow the use of State Budget. However, if it is critical and the President decides to use other regulations such as Perpu, it is the President's business. The law does not recommend using the State Budget," explained Supit.
The Golkar politician explained that the Law only regulates on the financial crisis, and there are no bailouts coming from the state treasury.
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