The Ministry Of Finance Said That Tapera Contributions Will Be Invested Into SBN

Illustration (Photo: Doc. ANTARA)

JAKARTA - The Ministry of Finance (Kemenkeu) said that the Public Housing Savings (Tapera) contribution will be invested so that Tapera participants will obtain funds from the fertilization in addition to basic deposits at the end of the membership period.

The Director General of Treasury of the Ministry of Finance, Astera Primanto Bhakti, said that 3 percent of Tapera contributions from the public will be kept as long as investment instruments are safe and invested in Sukuk instruments and state securities (SBN).

"Financing for housing may invest anywhere because BP Tapera is the government's investment operator. It can be clear, [to instruments] bank deposits, then SBN, including sukuk and others. He may also invest in other forms of investment that are safe," said Astera in a media briefing, Wednesday, June 5

As for the investment, Astera conveyed that it was to increase the benefits of Tapera participants so that at the end of the membership period they would obtain funds from the fertilization and basic deposits.

As a result, BP Tapera will get enough return to finance more public housing.

Astera explained that investment activities were also carried out to strengthen BP Tapera's role as an operator and will provide mortgage services with cheap interest rates to home renovation loans.

"Hopefully, BP Tapera can get a return. Which of course if the return is good, yes, this can finance more community housing," he said.

Astera conveyed that the Ministry of Finance will also continue to monitor BP Tapera's performance, especially related to fund management, investment, financial reporting, and so on.