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Govt to inject $210m into 2022 disaster pooled fund
The $209.7 million injection for the disaster pooled fund (PFB) is to be sourced from the 2022 state capital injection budget totaling Rp 182.32 trillion, and is intended for speedier disbursement of emergency funds for disaster relief and recovery.
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A massive column of hot ash erupts from Mount Semeru on Dec. 4, 2021 as viewed from Lumajang, East Java, in this handout photo from the National Disaster Mitigation Agency (BNPB). (AFP /BNPB)
T
he government plans to inject Rp 3 trillion (US$209.7 million) into next year’s disaster pooled fund (PFB), under the Environmental Fund Management Agency (BPDLH), to brace the country against future disasters like earthquakes, volcanic eruptions and tsunamis,
The latest injection is the second since the initial injection of Rp 7.3 trillion in August, sourced from state and regional budgets.
Finance Minister Sri Mulyani Indrawati said on Wednesday that the injection would allow disaster relief programs to commence without the need to wait for disbursements from the state budget, which would cost valuable time in an emergency.
“We will continue to increase [the PFB]. If any area is affected by a disaster, waiting for [emergency fund disbursements] from the state budget will be unnecessary,” Sri Mulyani told lawmakers in a meeting at the House of Representatives.
Read also: 'No warning': East Java village caught off guard in Semeru disaster
Two major disasters hit the country in early December.
The first was the Dec. 4 eruption of Mount Semeru in Lumajang, East Java, which reportedly killed at least 48 people. The second was the 7.7-magnitude earthquake that occurred in the Flores Sea to the north of East Nusa Tenggara, which prompted the national weather agency to issue a tsunami warning.
