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state budget

Government Guarantees for Jakarta-Bandung Fast Train Debt: APBN’s Resilience and National Priority

by Chief editor of world-today-news.com September 20, 2023

written by Chief editor of world-today-news.com

Jakarta –

Swelling project debt Jakarta-Bandung Fast Train will be guaranteed by the Indonesian State Revenue and Expenditure Budget (APBN). This has been stated in Minister of Finance Regulation (PMK) Number 89 of 2023 concerning Procedures for Implementing Government Guarantees to Accelerate the Implementation of Fast Train Infrastructure and Facilities between Jakarta and Bandung.

So what about the resilience of the APBN by guaranteeing the Jakarta-Bandung Fast Train debt? Head of the APBN Policy Center, Fiscal Policy Agency (BKF), Ministry of Finance, Wahyu Utomo, said that this had been well taken into account by the government from the fiscal side to the regulations.

“Yes, it has been given, so the point is that it has been calculated feasible fiscally public policy“It has been considered,” he said when met at Beranda Kitchen, South Jakarta, Wednesday (20/9/2023).

Moreover, according to Wahyu, the project Jakarta-Bandung Fast Train is also a national priority, so of course the state is present to encourage the continuation of the project. “So far, this has become part of the national priority, of course we are encouraging it from a fiscal perspective,” he continued.

For information, Minister of Finance Regulation (PMK) Number 89 of 2023 concerning Implementation Procedures for Providing Government Guarantees to Accelerate the Implementation of Fast Train Infrastructure and Facilities Between Jakarta and Bandung is effective when it is promulgated, namely 11 September 2023.

Minister of Finance Sri Mulyani Indrawati opened up about the government’s reasons for guaranteeing debt for the Jakarta-Bandung Fast Train project. Guarantees are provided as a step to handle this occurrence cost overrun or the rising costs of the fast train project.

He said that Presidential Decree 93 of 2021 concerning the Acceleration of the Implementation of Fast Train Infrastructure and Facilities between Jakarta and Bandung also explained that debt guarantees for the fast train project were allowed.

“Like the fast train, Presidential Decree 93 has been regulated, it says there is a guarantee, because that’s where it happens cost overrun. Able to cost overrun has also been audited by BPKP and BPK. There are treatment recommendations there cost overrun,” said Sri Mulyani when met at the DPR Building, Central Jakarta, Tuesday (19/9/2023).

The cost of the Jakarta-Bandung high-speed train project has ballooned. Check the next page.

Also watch the video: The moment Jokowi-Prabowo returns to Jakarta by fast train

(ara/ara)

2023-09-20 07:04:10
#JKTBDG #Fast #Train #Debt #Guaranteed #APBN #Sri #Mulyanis #Subordinates

September 20, 2023 0 comments

Business

“Where Does the Indonesian Government Keep Trillions of State Money? – Management of State Money Explained”

by Chief editor of world-today-news.com May 18, 2023

written by Chief editor of world-today-news.com

Jakarta –

Currently there are still many people who do not know where the Indonesian government keeps thousands of trillions of state money. This is important considering how this state money is usually used as the State Revenue and Expenditure Budget (APBN), which is then regulated by the Minister of Finance Sri Mulyani Indrawati.

Sri Mulyani stated that the state revenue target for 2023 is IDR 2,463 trillion. Until the end of March 2023, State Revenue reached IDR 647.2 T or 26.3% of the 2023 State Budget target.

It should be noted that the depository of the Indonesian government’s state money has been regulated in Government Regulation (PP) Number 39 of 2007 concerning Management of State Money.

The PP explains that all state-owned money is kept in the state treasury. The state treasury is kept in a bank account on behalf of the state.

The state treasury is then put into an account called the state general treasury account (RKUN), where all incoming and outgoing money flows are regulated and managed by the Minister of Finance as the state general treasurer.

Furthermore, in Article 11 Paragraph 1 PP No. 39 of 2007 explained that the addition or income of state money comes from:

a. state revenue, including tax revenue, Non-Tax State Revenue, and grants;
b. receipt of financing, including receipt of loans, proceeds from the sale of separated state assets, and settlement of receivables; And
c. other state revenues, including acceptance of third party calculations.

Mentioned in Article 14 PP No. 39 of 2007, throughout National income This is then put into the state treasury and kept in an account at the central bank, in this case Bank Indonesia (BI).

In the state account, all withdrawals must obtain approval from the Minister of Finance as the state treasurer.

Whereas in Article 11 Paragraph 2 PP No. 39 of 2007 it is said that the reduction or spending of state money is caused by:
a. state spending;
b. the issuance of financing, including debt principal payments, state capital participation, and lending; and
c. other state expenditures, including expenditures calculated by third parties.

For information, to expedite the implementation of state money processing, this RKUN does not only contain one account. However, the government can also open several sub-accounts and other accounts belonging to the government which function as the state treasury at the central bank.

As for further provisions regarding the opening and management of State General Cash Accounts, Sub-accounts State General Treasury and other accounts are regulated by a Minister of Finance Regulation.

(fdl/fdl)

2023-05-18 01:35:36
#turns #Sri #Mulyani #saves #thousands #trillions #state #money

May 18, 2023 0 comments

Business

“CEZ announces potential record dividend payout to Czech state budget”

by Chief editor of world-today-news.com April 12, 2023

written by Chief editor of world-today-news.com

“The first draft will be prepared by the company’s board of directors. I do not rule out that last year’s scenario may be repeated, when I put forward a proposal for a higher dividend payment on behalf of the government, and the general meeting then approved it,” said Stanjura. His proposal was also supported by the Minister for Regional Development Ivan Bartoš (Pirates).

According to the spokesman of the Department of Finance, Tomáš Weiss, the office will wait for the proposal of the amount of the dividend from the board of directors of ČEZ and will then consider the possibility of submitting a counter-proposal. “We cannot comment on the intentions of our shareholders, it is their business,” ČEZ spokesman Ladislav Kříž responded to Právo on Tuesday.

CEO Daniel Beneš recently announced that ČEZ could send a dividend of 44 billion crowns to the state budget thanks to a record profit exceeding 80 billion crowns.

CEZ’s dividend payout ratio now amounts to 60 to 80 percent of adjusted net profit, which reached 78.4 billion crowns last year. In the case of a payment of 80 percent of the adjusted profit, the value of the dividend from one share would be 117 crowns. Last year, the company paid 48 crowns before tax per share.

Last year, according to Česká spořitelna, the ČEZ board proposed a dividend payout ratio of 80 percent, but the Ministry of Finance increased it to 100 percent. If such an increase were to occur again, it would correspond to a dividend of CZK 146 per share.

According to Beneš, ČEZ should pay over 100 billion to the state in total this year. In addition to the dividend, it should be up to 40 billion crowns for tax on extraordinary profit and levy on excessive sales and up to 30 billion crowns for ordinary taxes.

CEZ’s net profit rose year-on-year to 81 billion last year, a record

Economic

April 12, 2023 0 comments

Business

Rp’s electric car subsidy. 80 million is considered a blurring of justice, this is the denial of the Ministry of Finance

by Chief editor of world-today-news.com December 16, 2022

written by Chief editor of world-today-news.com

TIME.CO, Jakarta – Head of the Tax Policy Office of the Ministry of Finance o Ministry of Finance Febrio Nathan Kacaribu responded to the opinion of a number of parties regarding the grant plan electric machine and electric motorcycles as a policy that blurs the sense of budgetary justice.

According to him, giving subsidies from the state budget of revenues and expenditures or APBN does not mean giving privileges to the rich. The reason is, from everything State budgetthe government continues to prioritize human resource development, which includes the education and health sectors.

Baca: The Minister of Industry calls for subsidies for Rp electric cars. 80 million, Sri Mulyani: we will count

“For human capital, the APBN is quite large. Education is around 20 percent, health spending is increasing, exceeding 5 percent,” Febrio said at the DPR building on Thursday, December 15, 2022.

Meanwhile, a budget of IDR 120-130 trillion has been budgeted for the Family Hope Program or PKH in recent years.

The rest, Febrio said, were allocated a large-scale infrastructure procurement budget that hit more than Rp 300 trillion. Meanwhile, subsidies for electric cars and motorcycles are aimed at industrial transformation and budgetary justice.

Febrio’s explanation responds to the point of view of some parties who see the subsidy plan for electric cars and electric motorcycles as giving the impression of favoring the rich.

Next: Why, the price of this type of vehicle…

December 16, 2022 0 comments

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