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Government may need to borrow for certain spending: Sri Mulyani
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Finance Minister Sri Mulyani Indrawati greets House of Representatives members before a hearing with House Commission XI in Jakarta. (Antara/Puspa Perwitasari)
Finance Minister Sri Mulyani Indrawati has said the government may need to borrow money to cover spending on certain sectors.
She said spending on education, health and infrastructure, for example, could not be postponed and if funding could not be taken from the state budget, the government would need to find other financial resources to cover the spending.
“We cannot postpone spending [on the sectors]. If necessary, we will have to borrow money,” said Sri Mulyani at the House of Representatives complex in Jakarta on Monday as reported by tribunnews.com.
(Read also: Government to maintain budget deficit policy to stoke growth)
She stressed that education was an important sector because its objective was to improve human resources.
This year, state budget allocation for education was doubled to reach Rp 400 trillion (US$30 billion), said Sri Mulyani, adding that similarly, the allocation for the health sector was also increased significantly this year to Rp 105 billion from Rp 50 billion last year. (bbn)
