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JAKARTA - Minister of Finance (Menkeu) Sri Mulyani shared her experience in overseeing the government of President Joko Widodo (Jokowi) since the first administration period until now. In his speech, the state treasurer admitted that he had contributed his thoughts when he supported President Jokowi to advance in the second term.

At that time, the Minister of Finance was briefed by the Head of State about the government's strategic policies that could be taken to support the world of national education.

"Mr. President asked, ma'am, if I want to improve the quality of higher education in Indonesia, how do I do it?" he said imitating President Jokowi's question at the Ministry of Education and Culture event, Monday, June 27.

Sri Mulyani then gave suggestions to strengthen the financial sector of the educational institution so that it is more independent and can execute programs that are considered important.

"Yes, maybe you just promise in the campaign that you will provide university endowments. Well, if you see in the campaign he promises like that," he said.

It did not stop there, the Minister of Finance then received a series of follow-up questions from the President regarding the scheme to be implemented.

"Then the president asked again, can it be (implemented) later? How to use how? Which university can go first? Is it a top five university or what?” said the Minister of Finance.

Interestingly, Sri Mulyani herself did not know in detail what the implementation in the field would be like. However, he believes that the design in question is very likely to be realized so that it will provide more benefits for education in Indonesia.

"I didn't know at the time either. But as the Minister of Finance I am responsible for realizing the president's promise, namely regarding the perpetual budget for universities. So the name of the university's perpetual budget was born," he asserted.

On this occasion it was also revealed that currently the university's endowment fund currently amounts to Rp. 7 trillion. From the managed funds, the projected return this year is expected to be IDR 455 billion (including the carry over value from 2021).

Meanwhile, for 2023 the investment in managed funds is believed to generate benefits of IDR 350 billion and in 2024 it will be IDR 500 billion.


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