Sri Mulyani: Infrastructure Fund Needs IDR 6,445 Trillion, It's Impossible For Everything To Be Financed By The State Budget

Illustration (Photo: Doc. Antara)

JAKARTA - Minister of Finance (Menkeu) Sri Mulyani said in the National Long-Term Development Plan (RPJPN) 2020-2024 it was stated that the need for funds to carry out infrastructure development nationally was Rp. 6,445 trillion.

Of this amount, the ability of the State Revenue and Expenditure Budget (APBN) to realize this is only around Rp.2,385 trillion or about 37 percent of the total needs.

That is also the estimated budget before the COVID-19 pandemic. This means that the ability of the State Budget to provide cost support will certainly decrease significantly because it must focus on handling health problems.

"So it is clear that in order to continue development, it is impossible to continue to rely on the availability of APBN funds," said the Minister of Finance through a virtual channel on Thursday, April 14.

Therefore, the state treasurer encourages the involvement of all parties to participate in the national strategic agenda.

"The role of BUMN is clearly important, and the role of the private sector is also very decisive," he said.

The Minister of Finance added that currently the government is working on 54 toll road projects categorized as national strategic projects spread throughout Indonesia.

"Infrastructure development is a very important agenda because it is a pillar in advancing the Indonesian economy, especially from the aspect of improving competitiveness and productivity," he stressed.

For information, the budget allocation for infrastructure development in Indonesia is mostly placed in the Ministry of Public Works and Public Housing (PUPR). According to VOI records, the ministry led by Basuki Hadimuljono has a 2022 budget ceiling of IDR 100.59 trillion.