Jakarta (Antara Bali) - The government has adopted several measures to raise capital expenditure, a member of the presidential communication team, Teten Masduki said.
President Joko "Jokowi" Widodo had instructed his ranks and files to boost budget absorption, which is currently fixed at 50 percent, while the government's capital expenditure has reached 20 percent, Masduki said in a press statement released on Wednesday.
While chairing a plenary cabinet meeting on Wednesday, the President asked Home Minister Tjahjo Kumolo to immediately disburse Rp270 trillion in village funds being held by regional development banks across the country.
In doing so, the funds can be distributed to the villages, he said.
Further, the president also underscored the importance of massive deregulation by providing facilities for licensing businesses and investment as well as for procuring goods and services.
All regulations including government regulations, presidential regulations, and ministerial decrees that impede investment must be scrapped, he said.
Responding to the issue of basic commodities experiencing market volatility in recent weeks, the president called for the issuance of a special policy allowing the state logistics board (Bulog) to manage all strategic food needs.
As such, Bulog will not merely focus on building up national rice stocks, he said. (WDY)
COPYRIGHT © ANTARA News Bali 2015
President Joko "Jokowi" Widodo had instructed his ranks and files to boost budget absorption, which is currently fixed at 50 percent, while the government's capital expenditure has reached 20 percent, Masduki said in a press statement released on Wednesday.
While chairing a plenary cabinet meeting on Wednesday, the President asked Home Minister Tjahjo Kumolo to immediately disburse Rp270 trillion in village funds being held by regional development banks across the country.
In doing so, the funds can be distributed to the villages, he said.
Further, the president also underscored the importance of massive deregulation by providing facilities for licensing businesses and investment as well as for procuring goods and services.
All regulations including government regulations, presidential regulations, and ministerial decrees that impede investment must be scrapped, he said.
Responding to the issue of basic commodities experiencing market volatility in recent weeks, the president called for the issuance of a special policy allowing the state logistics board (Bulog) to manage all strategic food needs.
As such, Bulog will not merely focus on building up national rice stocks, he said. (WDY)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2015