East Nusa Tenggara prepares 73.2 billion rupees in social welfare fund

Kupang, E Nusa Tenggara (ANTARA) – The provincial, district and city governments of East Nusa Tenggara have prepared a total of Rs 73.2 billion in social welfare funds in a bid to contain the impact of the recent increase in fuel prices.

“All regional governments, both the provincial government and (the governments) of 22 districts/cities in East Nusa Tenggara have allocated a minimum of 2% of General Transfer Funds (DTU) for social protection expenditure 2 billion Rp. 73 billion,” East Nusa Tenggara Province Treasury Branch Regional Office Head Catur Ariyanto Widodo said on Thursday.

Under the Minister of Finance’s 2022 Regulation Number 134 of Mandatory Spending to Manage the Impacts of Inflation for the 2022 financial year, local governments must allocate 2% of their general transfer funds to social welfare, a- he noted.

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According to Widodo, the funds will be allocated for three months, from October to December 2022, to overcome the impact of inflation.

Regional governments could use the funds to provide social assistance to micro, small and medium enterprises as well as motorbike taxi drivers, provide transport subsidies and implement other social protection programs, he said. he declares.

The Ministry of Finance monitors the realization of the social protection budget allocation and has requested regional governments to report monthly on the budget realization, he added.

He stressed that it is important for regional governments to ensure that the budget is used properly and directly benefits residents.

On September 3, the Indonesian government increased the price of subsidized Pertalite fuel from Rp 7,650 per liter to Rp 10,000 per litre, subsidized diesel from Rp 5,150 per liter to Rp 6,800 per liter and unsubsidized Pertamax from Rp 12 Rp.500 to Rp14,500 per litre.

The price increase came into effect after the government diverted fuel subsidies to provide social assistance since expenditure on energy subsidies and energy compensation from the state budget had reached Rp 502.4 trillion, with energy subsidies amounting to Rp 208.9 trillion and energy compensation of Rp 293. 5 trillion of the total figure.

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Joel C. Hicks