Tuesday, April 9, 2013

MoF To Ensure Qualified Budget Absorption



Ministry of Finance continually identifies the obstacles of budget absorption, specifically on the government’s capital expenditure, which are faced by ministries/institutions (K/L) this year. Vice Minister of Finance I Anny Ratnawati, who were encountered yesterday, stated that a qualified capital expenditure absorption may create employment, so that the economy can be accelerated.
“Therefore, capital expenditure may not be delayed because we really concern in encouraging all ministries/institutions,” she explained. She added, Ministry of Finance has also summoned 20 K/L with large budget, which have difficulties to absorb it promptly. In the meeting, K/Ls were asked to explain the obstacles faced in terms of budget absorption. “We have already gathered ministries and institutions, the 20 largest, to detect the causes, why it is not disbursed yet. It is because the regulation of goods and services procurement has been revised, are there other matters? Regarding blockage, it has decreased significantly,” he added.
She continued, Directorate General Treasury will evaluate the result and find the best formula to solve the problems. “They warned to be more careful in terms of documents, and prepared programs, then as soon as the information received, it is collected by the Directorate General of Treasury,” she stated. She expects that with these efforts, the government’s budget management in the future will be more qualified, so the main objectives of the development will be on target.

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