Pramono Still Waiting For Central Directions To Issue Regional Bonds
JAKARTA - DKI Jakarta Governor Pramono Anung has not been able to explain further about the discourse on issuing regional bonds and the formation of the Jakarta Collaboration Fund by the DKI Provincial Government.
Pramono admitted that his party still needed official approval from the central government before announcing the alternative financing program for the area.
"We need approval from the central government, in this case the Ministry of Finance and the Ministry of Home Affairs. But the paper (document) is being processed," said Pramono at DKI Jakarta City Hall, Wednesday, October 8.
Pramono expressed this regional bond plan because of the 2026 regional budget cuts (APBD) due to the central government reducing transfer funds, which includes profit-sharing funds (DBH) to Jakarta of up to Rp15 trillion.
Therefore, creative financing is indeed needed by the DKI Provincial Government to cover budget needs in work programs and development next year.
"With yesterday the DBH being reduced, of course, we have to find a way to get Jakarta's revenue, it can also be done," said Pramono.
"If it is permitted by the central government, Jakarta will immediately prepare what I said yesterday in front of the Minister of Finance regarding two things, the Jakarta and Jakarta Collaboration Fund bonds," he added.
SEE ALSO:
Previously, when meeting Pramono at DKI Jakarta City Hall, Tuesday, October 7, Minister of Finance Purbaya Yudhi Sadiveh admitted that his party supports the DKI Provincial Government's steps to carry out additional creative income such as regional bonds.
In this case, the DKI Provincial Government will issue debt securities to finance infrastructure development and various other regional programs. Then, investors will receive regular interest and return basic funds when the payment is due.
"Jakarta collaboration fund Governor's ambitions are quite high apparently. He wants to create Jakarta funds that can not be used in Jakarta, but are also used elsewhere. I think we will support that strategy," said Purbaya.