TheJakartaPost
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City's spending reaches Rp 43 trillion
As of the third week of December, the city administrationâs spending had reached Rp 43 trillion (US$3
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s of the third week of December, the city administration's spending had reached Rp 43 trillion (US$3.4 million), or 59 percent of the Rp 72.9 trillion available.
Jakarta Financial Management Body (BPKD) head, Heru Budi Hartono, had previously revealed in early November that spending had only reached 31 percent, or Rp 22.5 trillion.
'The sharp increase is because the administration usually pays project contractors at the end of the year,' Heru said Tuesday.
He said the final budget absorption would be revealed on Dec. 31.
