Sri Mulyani: The Remaining Regional Funds Deposited In The Bank Are IDR 94 Trillion As Of December 2020

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

JAKARTA - Minister of Finance Sri Mulyani Indrawati revealed that Rp. 94 trillion in village funds was still deposited in banks until the end of 2020. This means that the regional government has not fully channeled the funds.

Even so, Sri Mulyani said, this figure had improved compared to the position at the end of November which amounted to IDR218.6 trillion.

"At the end of last November I conveyed that the number of regional government accounts or deposits in banks was still Rp. 218.6 trillion. By the end of December 2020 the condition had decreased to Rp. 94 trillion," he said, during a working meeting (raker) with Committee IV of the Regional Representative Council (DPD). ) virtually, Tuesday, January 19.

Sri Mulyani also said that the decrease in regional government funds that were still deposited in banks at the end of 2020 was still better than in 2019 which amounted to IDR101.5 trillion.

The realization of the transfer budget to the regions and village funds (TKDD) was Rp. 762.5 trillion or 99.8 percent of the ceiling of Rp. 763.9 trillion. Of this realization, the realization of transfers to the regions was Rp.691.4 trillion or 99.8 percent of the ceiling of Rp.692.7 trillion.

"The realization of transfers to the regions has decreased by 7 percent from 2019 which amounted to Rp. 643.2 trillion," he explained.

Even so, Sri Mulyani said that the realization of village fund distribution showed an increase because it was supported by a simplification of the process.

"For the Village Fund, we also did not make changes so that the realization reached Rp. 71.1 trillion or 99.9 percent," he said.

Sri Mulyani said that the regional government would already receive transfer funds from the central government in early January. Thus, his party will also conduct an evaluation so that the transfer funds can be better absorbed.

"We may in the future need to think about this fund so that it can be used in a much more productive manner so that it can spur the economy in each region," he said.