Minister confirms Rp400 trillion allocation for infrastructure in 2019

Minister confirms Rp400  trillion allocation for infrastructure in 2019

Finance Minister Sri Mulyani Indrawati is at Ceo Network event in Jakarta on Monday (3/12/2018). (ANTARA News/Anggarini Paramita)

Semarang, C Java (ANTARA News) - Finance Minister Sri Mulyani has revealed that funds amounting to Rp400 trillion will be allocated in the State Budget for the development of infrastructure across Indonesia in 2019.

Funds for the 2019 State Budget will reach a total of Rp2,461 trillion for expenses, the minister revealed while speaking at a seminar on the Central Java Investment and Business Projection in 2019, here, Wednesday.

"The huge sum aims to improve the quality of economy and public welfare," she noted.

The minister outlined that allocation for infrastructure will reach Rp400 trillion; health sector, Rp120 trillion; and education, Rp500 trillion.

Funds amounting to Rp860 trillion will be transferred from the State Budget (APBN) to the regional administrations` bank accounts, she added.

In 2019, Indonesia will enjoy a healthy APBN and protected economic momentum, the minister affirmed.

The deficit in APBN in 2018 is the best over the past five years, according to Mulyani.

"Until late December, it is expected to be maintained, and even if possible, it will be better," he added.

Reporting by Immanuel CS, Fardah Assegaf 
Editing by Bustanuddin 

 

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