VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Indonesian Finance Ministry Encourages an effort to build innovative and creative funding scheme for fiscal security. Indonesian government has initiated some innovative and creative funding in form of cooperation between government and enterprises. It was stated by Indonesian Finance Minister, Sri Mulyani Indrawati on the sidelines of International Monetary Fund (IMF) and World Bank Annual Meeting in Bali on Monday (8/10). She said the effort is a breakthrough that can encourage development acceleration in Indonesia which does not depend on state’s funding through State Budget (APBN).

“If we look at the funding evolution from many development programs, recently we depend easily on State Budget. Meanwhile, there  is much fund comes from outside the State Budget, whether it is State Owned Enterprises ( BUMN) or foreign private sectors that want to participate. For those interested, we structurized it so that the participation from private sectors can be faster, but they are accountable. Ministry of Finance keeps on the track of the risk. That’s called contingent liability,” said Sri Mulyani.

Minister Sri Mulyani said that the government is continuously committed to supervising cooperation between the government and enterprises. It is aimed at keeping accountability from the running development program. (VOI/ANDY/TRANS AF/DP)

Economic Advisor and Director of Research Department of International Monetary Fund (IMF), Maurice Obstfel, on Tuesday (9/10) in Bali encourages Indonesian government to improve efforts to survive amidst global economic tension at present. The effort can be done by giving tax incentive that provides opportunity for investment entry to Indonesia. Maurice also said the investment can be utilized to increase Indonesian empowerment resources, encouraging educational sector  as well as pressing inequality.

“For countries of Indonesia’s income level, we would think that there might be a higher level of tax revenue to allow investment in the educational system, in infrastructure, in the social safety net, all would be beneficial to the people. So our sort of advice to all countries of Indonesia’s income status are to look at those issues, to try to raise the agility of the workforce, to raise the human capital of the work force, to fight further against inequality which is come down in Indonesia in recent years,” said Maurice Obstfel.

Moreover, Maurice Obstfeld explained that the depreciation of rupiah to US Dollar is the effect of the strengthening of US dollar. She said that US monetary strict policy which affected to many countries in the world is a fact that happening right now. Besides, she said Indonesia is now facing trade war between the US and China. Therefore, IMF predicted the Indonesian economic growth will keep strong if the government of Indonesia can utilize national economy that gives real benefit for Indonesian people. (VOI/Ndy/TRANS:AF/DP)

Bank Indonesia Governor Perry Warjiyo, Monday in Nusa Dua Bali said, Indonesia proposed 4 main points at the annual meeting of the International Monetary Fund (IMF)-World Bank (WB) in Bali. He said, the four points are the harmonization of policies among countries for global recovery, non-state budget infrastructure financing, digital economy and Islamic economics and finance.

"How do we voice that there is a strengthening of coordination and harmonization of policies among countries on how to jointly restore the global economy and overcome a number of risks and global uncertainties. This is related to how to make the world economic growth not only be supported by the US but also by other countries including in particular emerging market countries. It also includes how to normalize the monetary policy. Including the increase in the US interest rates as well as other countries, including also about trade tensions in various countries. We will voice Indonesia's interests in this context so that the global economic recovery can be more balanced, the increase in interest rates in developed countries can be more clearly directed and there is also progress in resolution or resolution on trade tensions between countries," said Perry.

According to Perry Warjiyo, Indonesia wants to encourage the creation of significant influence from developing countries on the formation of global economic growth so that the dynamics of the world economy are not only controlled by developed countries such as the United States (US). (VOI/Ndy/AHM)

President Joko Widodo (Jokowi) has expressed belief that the 27th National Qur`an Reading Competition (MTQN) would function to strengthen the nation`s unity.

"The MTQN aims to foster the love for the Qur`an among Muslims and then practice it well for the benefit of the nation," President Jokowi remarked at the opening of the Qur`an reading competition at the Astaka Building here on Sunday.

Jokowi expressed hope that the MTQN would serve to strengthen Islamic teachings that must be translated into daily life.

In this way, the president believes no more slander, hoax, and scorn news would be spread solely due to political interests and ego.

"Muslims must foster a sense of brotherhood and unity and uphold harmony among the Indonesian people. All this is the strength and energy of Indonesia," he noted.

Jokowi, who wore traditional red Malay clothing, beat the Begud and Gondang IX to mark the opening of the 27th MTQN.

In the meantime, North Sumatra Governor Edy Rahmayadi was content that the province was pleased to host the MTQN.

For North Sumatra, the governor noted that the implementation of MTQN offers the necessary momentum and motivation to do hard work and make endeavors to provide the best contribution to the welfare of dignified North Sumatra people.

He said that not only Muslims but also other religious communities were delighted over the implementation of the MTQN.

He stated that the MTQN in North Sumatra was followed by 1,555 participants from 34 provinces.

Religion Minister Lukman Hakim Saifuddin remarked that the opening of MTQN in North Sumatra was delayed by a day owing to President Jokowi`s enthusiasm to be able to open the event.

The minister believes that since the benefits offered by MTQN were wide-ranging, the implementation must be successful, with positive results.

"Registration with `finger print` until the judging process through digital applications is one of the efforts made by the government for the successful implementation of the MTQN," he added. (ANTARA)