TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Village economy grows by 12 percent: Minister
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Villages, Disadvantaged Regions and Transmigration Minister Eko Putro Sandjojo salutes local residents after participating in a flag-raising ceremony to celebrate the 71st anniversary of Indonesian Independence Day in Laktutus village, Belu, East Nusa Tenggara, on Aug. 17, 2016. (thejakartapost.com/Djemi Amnifu)
V
illages, Disadvantaged Regions and Transmigration Minister Eko Putro Sandjojo has said the village economy has grown by 12 percent in 2016, higher than national growth of 4.8 percent, thanks to the disbursement of village funds.
“Although the village fund was just introduced recently, the contribution from villages to national economic growth has been significant,” said Eko in a press statement on Thursday.
The government disbursed Rp 26.96 trillion (US$2.02 billion) to villages in 2016 compared to Rp 20.8 trillion in 2015.
(Read also: Indonesia must work harder to stop food imports: Jokowi)
The direct disbursement of the village fund had boosted economic activity in villages as shown by the increasing economic growth in the third quarter last year, said the minister, adding that the government were strongly committed to boosting economic activity in villages.
The government has allocated Rp 60 trillion for the fund in the 2017 state budget for 74,910 villages across the country.
He said the villages would not only be used for physical development in villages, but also to stimulate the economic capacity of their residents.
“[The fund] includes the establishment of village-owned enterprises (BUMD) to make villages more independent,” he added. (bbn)
