JAKARTA - Minister of Finance Regulation (PMK) 124 of 2024 which details changes to the organizational structure of the Ministry of Finance issued by Minister of Finance Sri Mulyani Indrawati. Where, he gave a transition time of one year.
Head of the Communication and Information Services Bureau of the Ministry of Finance Deni Surjantoro explained that PMK 124/2024 was a follow-up to President Prabowo Subianto's direction in reshuffling the Ministry of Finance organization through Presidential Decree 158/2024.
"The Ministry of Finance's reorganization after Presidential Decree 158/2024 was followed up with PMK 124/2024, including the establishment of the Directorate General of Economic and Fiscal Strategy and the Directorate General of Stability and Development of the Financial Sector, with a transition period of 1 year," Deni said quoting Antara.
The Directorate General of Economic and Fiscal Strategies is tasked with implementing formulation and implementation of policies in the fields of economic and fiscal strategies, which are currently held by the Fiscal Policy Agency (BKF).
This means that after the Directorate General of Economic and Fiscal Strategy is formed later, BKF will be removed from the organizational structure of the Ministry of Finance.
If previously BKF was led by the head of the agency, the Directorate General of Economic and Fiscal Strategy would later be led by the director general (dirjen) who was directly responsible to the finance minister.
As detailed in Article 187 PMK 124/024, the Directorate General of Economic and Fiscal Strategy will oversee seven directorates, namely the Secretariat of the Directorate General, the Directorate of Strategy for Economic Stabilization, the Directorate of Economic Welfare and Equity Strategy, the Directorate of Productive Strategy and Economic Growth, the Directorate of Tax Strategy, the Directorate of Non-Tax State Revenue Strategy, and the Directorate of State Budget Strategy.
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Meanwhile, the Directorate General of Stability and Development of the Financial Sector is tasked with implementing formulation and implementation of policies in the fields of the financial sector, financial profession, and international cooperation.
The organizational composition of the Directorate General of Stability and Financial Sector Development is listed in Article 1498, including the Secretariat of the Directorate General; Directorate of Banking Development, Financial Market, and Other Financing; Directorate of Pension, Insurance and Actuaria Fund Development; Directorate of Stability of the Financial System and Financial Sector Policy Synchronization; Directorate of Financial Profession Development and Supervision; Directorate of Regional and Bilateral Cooperation; and Directorate of Multilateral Cooperation and Sustainable Finance.
"Currently, internal infrastructure infrastructure is being prepared (among other things, job information, job descriptions, business processes/SOPs, etc.), budgeting, infrastructure, and human resources," said Deni.
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