Commission XI of the House of Representatives and OJK agreed to approve OJK’s work plan and operational expenditure budget in 2022 amounting to Rp6.32 trillionJakarta (ANTARA) - The House of Representatives (DPR RI) approved a revenue budget of Rp6.32 trillion for the Financial Services Authority (OJK) during a working meeting here on Monday.
"Commission XI of the House of Representatives and OJK agreed to approve OJK’s work plan and operational expenditure budget in 2022 amounting to Rp6.32 trillion," chairman of Commission XI of the House of Representatives Dito Ganinduto announced.
The budget will be used for operational activities (Rp521.8 million), administration (Rp5.26 trillion), asset procurement activities (Rp543.53 million), and other supporting activities (Rp80.94 million), he informed.
In the agreement, there are several notes for OJK so its efforts, policies, programs, and activities can strengthen supervision, consumer protection, education and literacy, and its organization and human resources, he added.
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Furthermore, based on the directive, the OJK's main performance indicator (IKU) in 2022 is targeted to be achieved more effectively and efficiently compared to the previous year, Ganinduto said.
"The adjustment of OJK’s 2022 expenditure budget will be reported in the first quarter of 2022 to be determined by Commission XI of the House of Representatives," he added.
He also requested that OJK's strategic policy next year focus on anticipating the impact of cliff effect risks from policy normalization and potential risks of COVID-19 development, encouraging the acceleration of digital economic transformation, and increasing the effectiveness of financial inclusion and consumer protection.
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Moreover, he directed OJK to support national economic growth through strengthening the financial services sector and the sharia financial services sector and continuing the initiative to change the business supervision process from a traditional approach to integrated services based on information technology.
He also expressed the hope that OJK's strategic policy next year would expedite the supervision reform of the non-bank financial industry (IKNB), develop an accountable, effective, and efficient organization, and strengthen legal protection programs for consumers and the public.
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Translator: Agatha V, Kenzu T
Editor: Fardah Assegaf
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