President Joko Widodo (Photo:MI/Ramdani)
President Joko Widodo (Photo:MI/Ramdani)

President Jokowi Holds Budget Allocation Meeting at Bogor Palace

English activities of jokowi (en) macroeconomics (en) indonesian economy (en)
23 April 2019 15:52
Bogor: President Joko Widodo (Jokowi) led a plenary cabinet meeting at the Bogor Palace, West Java, on Tuesday, for holding discussions on budget allocation and indicative budgetary ceiling for 2020.
 
"I am keen to carry forward what we had discussed yesterday regarding budget allocation and the indicative ceiling," he noted.
 
The head of state drew emphasis on bolstering and stepping up capital expenditure as the key areas of focus in budget allocation for 2020.

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"Every ministry should be in a position to direct its organization into materializing its budget expenditure," he remarked.
 
The president has appealed to ministries and state institutions to curtail goods expenditure as far as possible. "Mrs. Finance Minister (Sri Mulyani), you should be referring to 2017, as a benchmark year, to drive efforts to achieving those figures," Jokowi reiterated.
 
The president further appealed to ministries to lay priority on the development of human resources in 2020.
 
"We will hold specific discussions for concerned ministries, comprising for (formulating) an incentive provision policy for firms that take part in holding large-scale trainings and courses within and outside the nation," he stated.
 
The president is optimistic that the course and training programs would be held in 2019, the outcomes of which would be amply visible in the subsequent years.
 
Vice President M. Jusuf Kalla, Sri Mulyani, Minister State Secretary Pratikno, Coordinating Minister for Political, Legal, and Security Affairs Wiranto, and Industry Minister Airlangga Hartarto were among the attendees at the plenary cabinet meeting.
 
Earlier this week, Deputy Finance Minister Mardiasmo along with Echelon I officials on Monday held a press conference related to the realization of the State Budget utilization in the first quarter of 2019.
 
"In general, the implementation of the State Budget up to March 31, 2019 is still safe. State revenues grew by 5 percent as a result of the policy of accelerating tax refunds to provide stimulus to the economy," the Finance Ministry's website quoted the vice minister as saying.
 
According to him, the usage of state expenditure at the end of March 2019 was getting better with 7.7 percent growth, higher than the previous year of 4.9 percent. (Antara)
 

(WAH)
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