Supporting The 3 Million Houses Program, Sri Mulyani Will Synchronize Financial Instrument Policy

Minister of Finance Sri Mulyani Indrawati and Governor of Bank Indonesia Perry Warjiyo during a press conference with reporters. (Photo: Aris Nurjani/VOI)

Minister of Finance Sri Mulyani Indrawati said that she would synchronize existing financial policies and instruments, both in the APBN and macroprudential policies in supporting the target of three million houses.

Sri Mulyani said that this step aims to support the housing sector, especially for low-income people (MBR).

"It can synchronize all financial policies and instruments, both in the APBN and from Bank Indonesia policies, either through macroprudential or through a mechanism that can be carried out by Bank Indonesia to support one, the housing sector," he said at a press conference, Wednesday, February 19.

Sri Mulyani said that in the 2025 State Budget, the government has allocated Rp18 trillion in funds to support the construction of 220 thousand houses for Low-Income Communities (MBR), with very affordable loan interest, only 5 percent for 20 years.

According to him, this support also involves Housing Financing Liquidity Facilities (FLPP) and State Equity Participation (PMN) at PT Sarana Multigriya Finansial (SMF).

Sri Mulyani said that her party would look for various instruments that would be sought to support the target of three million houses for low-income people.

"We have found several ways that will be further finalized by our technical team at the Ministry of Finance, Mr. Erick from BUMN and the Governor from the side of the instruments in the authority of the monetary authority," he explained.

Sri Mulyani stated that the government is optimistic that it can increase the scale of this program to meet the target of three million houses for low-income people.

In addition, Sri Mulyani said that there were various other assistance schemes, such as down payment assistance and house repairs, which were also being evaluated in order to accelerate the achievement of the target.

"This is everything in the APBN, we will continue to evaluate and even if necessary, increase the scale so that the targets to be achieved as much as possible can be achieved," he said.

Sri Mulyani conveyed that the government, together with Bank Indonesia, the banking sector, and BUMN, will continue to look for the right instruments to increase support both in terms of housing supply and public demand.

Sri Mulyani also emphasized that the government will collaborate with all relevant parties in order to realize various programs that support food security, energy security, industrial downstream, and sustainable economic growth.

"The government supports each other's many programs in order to achieve the ideals and growth of 8 percent whether it is food security, energy security, downstreaming, we will also evaluate this in accordance with the direction of the President. If indeed we can mobilize more funds then it will become something very powerful and have an impact," he said.