Minister of Finance Sri Mulyani: Government Allocates IDR 176.2 Trillion for Investment Financing in 2024

Minister of Finance, Sri Mulyani Indrawati. (Photo: Doc. Antara)

JAKARTA - Indonesian Minister of Finance (Menkeu) Sri Mulyani Indrawati said the government allocated IDR 176.2 trillion for investment financing in 2024.

"In 2024, there will be IDR 176.2 trillion in investment financing. The majority will be to support infrastructure development," said Sri Mulyani at the press conference for the March 2024 edition of the National Budget in Jakarta, quoted from Antara, Monday, March 26.

The IDR 176.2 trillion budget was allocated for the infrastructure cluster of IDR 55.22 trillion, the education cluster of IDR 25 trillion, the food and environment cluster of IDR 1.21 trillion, the international cooperation cluster of IDR 1.91 trillion, and other clusters of IDR 92.88 trillion.

"Infrastructure development, especially for several SOEs, Hutama Karya, Wijaya Karya, SMF, LEN, and IFG," she said.

State Capital Participation (PMN) is given selectively to BUMN to support the implementation of government priority programs, including accelerating infrastructure development.

Apart from that, PMN for BUMN also aims to encourage the provision of affordable housing for low-income people (MBR), and the development of micro, small, and medium enterprises (MSMEs).

Investment financing to BLU/other legal entities is aimed at providing land for National Strategic Project (PSN) infrastructure.

Investment financing is also intended to increase public access to education and sustainable educational development, increase national exports to global markets, preserve the environment, and strengthen Indonesia's position in international relations.