3 Years Debt Relief Program Only Participated By 12 Debtors, Funds Collected Not Up To A Billion

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA - The Ministry of Finance (Kemenkeu) said that the debt relief program in the 2014 to 2016 period was only followed by 12 debtors with a value of less than Rp1 billion. This was stated by the Director of State Receivables and State Assets of the Ministry of Finance Lukman Efendi.

"This happened because of the lack of news and information conveyed to the public," he said through a virtual channel, Friday, October 22.

In detail, Lukman explained that in 2014 the debt relief program was attended by 5 debtors with a value of Rp. 99.2 million. Then 2015 amounted to Rp474.6 million from 3 debtors, and 2016 amounted to Rp67.7 million from 4 debtors.

"Because the results were unsatisfactory, in 2017 to 2020 the debt relief program was abolished," he said.

After conducting an evaluation, the Ministry of Finance finally reopened the debt relief program in 2021 with a more massive information dissemination strategy.

As a result, this program has succeeded in attracting 1,292 debtors with a total collected fund of Rp. 20.48 billion as of October 15, 2021. This amount is actually still far from the target of Rp. 1 trillion set by the government at the beginning of the year.

“There are still three months until December for the community to take advantage of this program. We expect that more and more debtors are interested in taking advantage of this facility,” concluded Lukman.