Regional digitalization aimed at promoting financial inclusivity

Regional digitalization aimed at promoting financial inclusivity

Finance Minister Sri Mulyani Indrawati addressing an online press conference on Thursday (October 21, 2021). ANTARA/TL/Arnidhya Nur Zhafira/my

This effort is also meant to support and develop (regional financial transactions), including community digital payment transactions
Jakarta (ANTARA) - The acceleration of digitalization efforts in the regions is aimed at encouraging regional digital financial transactions and promoting more inclusive finance, Finance Minister Sri Mulyani Indrawati has said.

The effort has been strengthened through the issuance of Presidential Decree Number 3 of 2021 about the Task Force for the Acceleration and Expansion of Regional Digitization (Satgas P2DD), which was signed in March this year, she added.

"The President established the Presidential Decree as an effort to expedite the digital implementation of regional financial transactions, along with the development of the application of ICT (Information and Communications Technology) for the digital economy, which has shown an increasing trend; and this needs to be continuously utilized and addressed by various parties, including regional governments," the minister said at an online press conference on Thursday.

"This effort is also meant to support and develop (regional financial transactions), including community digital payment transactions. This will certainly continue to be useful to create more inclusive finance and increase Indonesia's economic integration and build national digital finance," she elaborated.

Indrawati said she expected that the government would offer transparency to the public, in terms of regional financial management practices, through a massive and consistent electronification of regional government transactions.

Additionally, she listed other expectations such as better governance, stronger accountability, and a chance for the public to witness how the government optimizes the use of regional finances.

"This system is also expected to be able to integrate regional and national finances, which can increasingly be realized," she remarked.

Indrawati then asked regional governments to use digital technology to boost local revenue and provide high-quality, timely, and transparent public services.

She also called attention to the results of the pilot project for non-cash transactions in 12 regions. Local revenue was boosted by 11.1 percent on average owing to the project, she noted.

"Service transactions and regional government transactions are expected to provide more convenience and quality of service that can increase public trust in regional governments, and are maintained strong," she added.

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