The Jakarta Post
The Jakarta Council budget committee (Banggar) has agreed to set the 2019 draft city budget at Rp 89 trillion (US$6.13 million), after it was estimated that there would be a Rp 16 trillion deficit.
During a meeting on budget priorities (KUA-PPAS) in June, the council had agreed to set the draft budget at Rp 87 billion, and later the figure ballooned to Rp 103 trillion.
“Finally, there won’t be a deficit anymore,” Jakarta Council deputy speaker Triwisaksana said at the committee meeting on Tuesday, tempo.co reported.
Previously, city secretary Saefullah said there could be a decrease in the city budget for 2019 as there were a lot of new proposals that were previously not included in the 2019 city working plan (RKPD), the total budget of which was Rp 6.7 trillion.
One such proposal was a Rp 3 trillion plan for city-owned developer PT Pembangunan Sarana Jaya to construct apartment buildings in eight locations.
The council and the administration have cut some of the program proposals that were previously not included in the working plan, although other proposals were agreed upon by the committee because of their urgency, such as the MRT's phase II construction, which is estimated to cost Rp 217 billion.
Another recent addition is the construction of BMW Stadium in North Jakarta. The project will receive an additional capital injection of Rp 500 billion, bringing its total budget to Rp 900 billion.
Triwisaksana said the city administration and the council would agree to the draft budget by signing a memorandum of understanding (MoU) on Wednesday. (ami)