Bismillahirrahmanirrahim, Sri Mulyani Releases Infrastructure Financing For SBSN 2021 Worth IDR 27.5 Trillion

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

JAKARTA - The government through the Minister of Finance (Menkeu) Sri Mulyani has officially released the financing of State Sharia Securities (SBSN) for infrastructure projects for the period of 2021 with a value of Rp. 27.58 trillion.

"Bismillahirrahmanirrahim, we are starting to carry out the SBSN project for the 2021 period," he said in a virtual press conference, Wednesday, January 20.

He added that this development agenda is a synergy between the Ministry of Finance, the Ministry of National Development Planning of the Republic of Indonesia / the National Development Planning Agency, and other initiators to develop various priority sectors.

"This is also part of efforts to recover the economy amid the pandemic," he said.

To note, the government is targeting several priority sectors in the 2021 SBSN, including the Islamic religious sector, the transportation sector, the water resources sector, the higher education sector, the Islamic religious education sector. Then, the railway sector, the research and science sector, the technology sector, the environment sector, to the roads and bridges sector.

"Project financing through National Sharia Securities is the government's commitment to develop various national strategic projects," said the Minister.

For information, project development through SBSN funding throughout 2020 amounts to IDR 23.3 trillion. From this figure, the project realization that was successfully realized reached 90 percent.

Meanwhile, the criteria for projects that can be funded by SBSN must be completed 100 percent and have no follow-up, then the project must be completed early, and finally the quality of output and administration is good.