Project financing through SBSN reaches Rp175 trillion

28-Jan-2022 Intellasia | AntaraNews | 5:02 AM Print This Post

The total financing of projects through State Sharia Securities (SBSN) between 2013 and 2022 reached Rp175.37 trillion, director general of Financing and Risk Management at the finance ministry Luky Alfirman stated.

“The government remains committed to guarding the agenda of economic reforms, including on the fiscal side,” he noted here on Wednesday.

The funding was channeled for the construction of 4,247 projects at 11 ministries and non-ministerial government institutions in 34 provinces.

The value of financing, the number of projects, and the number of ministries and non-ministerial government institutions using SBSN continued to increase every year, he noted.

This means the issuance of SBSN received a warm welcome to finance a variety of development activities, he remarked.

The development of SBSN, as one of the state budget’s funding sources, is quite encouraging, particularly in the wake of the second wave of COVID-19 cases. The realisation of project financing through SBSN in 2021 reached 85.52 percent.

The residual jobs of all projects will be completed in 2022. The projects are currently 93-96 percent complete, he stated.

“Once again, SBSN proves that it can contribute positively to national development and the government’s efforts to restore the economy through infrastructure expenditure,” he noted.

Luky expressed optimism that the projects financed through SBSN in 2023 would be in line with the priority of the government’s policies, so that the projects can reach the output and outcome target and jump start the process of national economic recovery.

https://en.antaranews.com/news/211841/project-financing-through-sbsn-reaches-rp175 trillion

 

Category: Indonesia

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