The Ministry Of Finance Said That Tapera Savings Funds Will Not Be Used For Government Expenditures

JAKARTA - Director of the Investment Management System of the Directorate General of Treasury of the Ministry of Finance Saiful Islam conveyed that the policy on Public Housing Savings (Tapera) contributions is not related to the government's way of increasing state revenues.

In addition, Saiful emphasized that Tapera funds will not be included in the State Revenue and Expenditure Budget (APBN). But Tapera funds will be used directly for participants.

"The savings of Tapera participants are not used for government activities and Tapera funds are not included in the posture of the state budget," he said at the Bina Graha Building of the Presidential Staff Office, Jakarta, Friday, May 31.

Saiful said that the Tapera program had been agreed upon by the government and the House of Representatives (DPR) in 2016.

So that the policy has nothing to do with current policies and state revenues.

"We want to make sure this Tapera program is not this new program, so this program was set in 2016 regarding housing," he explained.

Saiful said that there have been three fund management schemes that have been carried out by the Tapera Management Agency (BP) since it was officially formed as mandated by Law Number 4 of 2016 concerning Public Housing Savings.

The first is BP Tapera's working capital fund provided by the government through the 2018 State Budget of IDR 2.5 trillion which is intended to meet the operational costs of various programs and BP Tapera's investment.

Furthermore, the second came from the asset funds from the Civil Servant Housing Savings Advisory Agency (Bapertarum-PNS) which were transferred to BP Tapera in 2018 amounting to Rp11.88 trillion. Because the Bapertarum-PNS stopped operating due to the issuance of Law 4/2016 which was then continued by BP Tapera.

"The participant funds of the former Civil Servant (ASN) ex-Bapertarum-PNS have not yet been continued because the Minister of Finance Regulation (PMK) has not been issued," he said.

Then the third is from 2010 to the first quarter of 2024, the total funds for the Housing Financing Liquidity Facility (FLPP) received by BP Tapera reached Rp105.2 trillion.

"In fact, what happens is the APBN every year, at least until 2024, allocates part of FLPP (to BP Tapera) investment, which is expected to be felt by low-income people (MBR) in the form of cheap houses," he said.

According to Saiful, the government actually helps in increasing funds to meet the availability of housing through the FLPP scheme.

"Meanwhile, Tapera, deposits came in by NIK by Address and history of each of these funds," he concluded.