JAKARTA - DKI Jakarta Governor Pramono Anung has again raised the idea of issuing regional bonds or sukuk to find new sources of financing amid regional fiscal pressures.
This was stated by the Chairman of the DKI Jakarta DPRD, Khoirudin, after discussing the Regional Apparatus Work Plan (RKPD) for the 2027 Fiscal Year with Pramono. Pramono was also said to open the opportunity for the issuance of regional bonds and sukuk so that the public can invest funds for the development of Jakarta.
"Mr. Gub mentioned that it was possible for bonds or sukuk to be issued by the DKI Jakarta Provincial Government to provide space for people who have savings or investments to invest in Jakarta, build Jakarta," Khoirudin told reporters, Wednesday, May 20.
Even so, the DPRD emphasized that the scheme was still limited to an option and had not become an official decision of the DKI Provincial Government.
"This is still a choice, it has not been decided, it is just a discourse. Because indeed, how do people who have financial ability, have the ability to save also play a role in building Jakarta with sukuk offered by the DKI Jakarta Provincial Government," he explained.
Khoirudin revealed that the discussion of the RKPD still places the classic problems of Jakarta as the main priority, ranging from flooding to congestion. However, budget constraints have made the Provincial Government to start looking at alternative financing schemes.
According to him, the regional financial condition makes the DKI Provincial Government have to find other ways to cover the needs of development. Because, the regional income is considered always smaller than the needs of spending.
"Because every year the budget is discussed, of course, the income is smaller than the spending. Yes, to overcome this, we will have creative financing," he said.
Khoirudin also touched on global economic pressures that have begun to have an impact on Jakarta's fiscal condition. In addition, the reduction of revenue sharing funds (DBH) from the central government to the regions is said to still have the potential to occur next year.
"In principle, the Governor conveyed that our economic pressure, the impact of world economic pressure, has an impact on our budget. Also the impact of all this, the reduction of DBH continues," said Khoirudin.
"Even so, we are optimistic because we will continue to prioritize services to the public. The Governor said that education services should not be reduced. KJP, KJMU, then KJP Plus and others. Then also in the Health Service it should not be reduced," he continued.
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