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Cash no more: State bodies to use credit cards for operational spending
The use of credit cards for each transaction is aimed at combating budget leaks, as all transactions are recorded and, therefore, traceable.
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Seventy-six percent of Indonesians involved in a study stated they were able to live cashless for 24 hours, a higher proportion than Singaporeans. (Shutterstock/Sira Anamwong)
T
he government will require all state agencies and ministries to use credit cards in their spending, particularly for daily operations, in an effort to increase transparency in budget spending.
The use of credit cards for each transaction is aimed at combating budget leaks, as all transactions are recorded and, therefore, traceable.
Finance Minister Sri Mulyani Indrawati confirmed she had asked government bodies to use credit cards for their spending on operational needs in order to tighten up state budget monitoring.
“That way, we can keep track of where the money goes and what it’s used for,” she said during a speech in Jakarta recently.
