JAKARTA - Minister of Tourism and Creative Economy (Menparekraf) Sandiaga Salahuddin Uno has proposed that the endowment fund for Indonesian tourism Quality Tourism Fund (IQTF) worth IDR 2 trillion can be used for various events, such as sports competitions to music festivals.
He said that later the determination of the event would be decided by the President and Vice President of the Elect of the Republic of Indonesia in 2024-2029, namely Prabowo Subianto and Gibran Rakabuming Raka.
"Yesterday we proposed Moto GP, F1 Powerboat, Aquabike World Championship, World Surf League, and several other activities. Then there are also Java Jazz Festivals, there are several other music festivals," said Sandiaga Uno at the Road to: Run For Independence Day 2024 event in the GBK area, Jakarta, Sunday, July 14.
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Sandiaga emphasized that the IQTF tourism endowment fund will be used to fund various events that focus on quality and sustainable tourism.
Later, the tourism endowment fund will be managed by the Business Service Agency (BLU) belonging to the Ministry of Finance, namely the Environmental Fund Management Agency (BPDLH).
Sandiaga continued, the preparation of the Draft Presidential Regulation (Perpres) for the end of tourism funds is expected to be completed in August 2024.
"The completion is August (2024). It looks like it will be at the end of August," said Sandiaga.
For information, the initial managed funds from the endowment of tourism funds are IDR 2 trillion, which will come from the 2025 State Revenue and Expenditure Budget (APBN), which will be included in the 2025 RAPBN.
Previously, Sandiaga Uno said that tourism funds are still under study and collect several options for collecting funds, as well as the amount of the funds in question.
The endowment of tourism, he continued, will be used for the purpose of promoting national branding in supporting the continuity of national and international activities (events).
Regarding tourism contributions, he ensured that the contributions would be reported transparently.
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