ID :
63931
Wed, 06/03/2009 - 10:00
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Shortlink :
https://www.oananews.org//node/63931
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RI'S GOVT NEEDS RP10 TRILLION TO COVER 2010 BUDGET DEFICIT
Jakarta, June 2 (ANTARA) - The government still needs Rp10 trillion to cover the deficit of its 2010 state budget which is predicted to increase from 1.3 percent to 1.5 percent, the national development planning minister said.
Minister for National Development Planning / Head of National Development board (Bapennas) Paskah Suzetta said here on Tuesday that every 0.1 percent deficit the government had to prepare US$500 million or Rp5 trillion.
Thus, if a 1.5 percent increase is added to the budget the government would need Rp10 trillion to cover the deficit, he said.
"The government would do its best to save on expenditures in order to cover the deficit, however. If it is not enough the government would take from external debts through a loan scheme or the issuance of bonds," the minister said.
He said that the government might also take money from cutting funds for a number of non-priority programs or activities for the 2010 budget.
Suzetta said that the deficit existed as funds had to be made available to finance the fiscal stimulus in the 2010 budget that the government would likely provide again next year.
He said that actually some part of the funds needed for the fiscal stimulus had been made available but additional funds were still needed to cover the other part.
"The government will still provide fiscal stimulus in 2010 and some of the funds have been made available," he said on the sidelines of a seminar on the national bureaucratic reforms.
Some of the 2010 fiscal stimulus funds would be allocated to strengthen the government's social safety net program and development of infrastructure, he said.
"But the details of the infrastructure that would be built still awaiting the developments in the implementation of the 2009 fiscal stimulus," the minister added.
He said that in 2010 the government would also provide remunerations for several government agencies, the implementation of which would be carried out based on the ministry of finance's baseline.***2***
Minister for National Development Planning / Head of National Development board (Bapennas) Paskah Suzetta said here on Tuesday that every 0.1 percent deficit the government had to prepare US$500 million or Rp5 trillion.
Thus, if a 1.5 percent increase is added to the budget the government would need Rp10 trillion to cover the deficit, he said.
"The government would do its best to save on expenditures in order to cover the deficit, however. If it is not enough the government would take from external debts through a loan scheme or the issuance of bonds," the minister said.
He said that the government might also take money from cutting funds for a number of non-priority programs or activities for the 2010 budget.
Suzetta said that the deficit existed as funds had to be made available to finance the fiscal stimulus in the 2010 budget that the government would likely provide again next year.
He said that actually some part of the funds needed for the fiscal stimulus had been made available but additional funds were still needed to cover the other part.
"The government will still provide fiscal stimulus in 2010 and some of the funds have been made available," he said on the sidelines of a seminar on the national bureaucratic reforms.
Some of the 2010 fiscal stimulus funds would be allocated to strengthen the government's social safety net program and development of infrastructure, he said.
"But the details of the infrastructure that would be built still awaiting the developments in the implementation of the 2009 fiscal stimulus," the minister added.
He said that in 2010 the government would also provide remunerations for several government agencies, the implementation of which would be carried out based on the ministry of finance's baseline.***2***
