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.

Jakarta Post

Jakarta confident it can book higher budgetary spending despite year-end approaching

  • Sausan Atika

    The Jakarta Post

PREMIUM
Jakarta   /   Fri, December 27, 2019   /  02:53 pm
The Jakarta Post Image
Vehicles stuck in traffic amid sidewalk renovations in Kemang, South Jakarta on Dec. 2, 2019. (JP/Dhoni Setiawan)

The Jakarta administration remains optimistic that this year's budget absorption will be higher than last year despite 2019 coming to an end and amid sluggish disbursement by the city’s working units.   The administration recorded budgetary spending of 79.88 percent as of 9 a.m. on Friday. City secretary Saefullah said the administration had predicted to close the books at 83.42 percent as of Dec. 31, slightly higher than last year's 81.78 percent. “Our prediction is to end 2019 with 83.42 percent [budget absorption], better than last year’s performance,” he told reporters at City Hall on Thursday. A number of contractors responsible for handling city projects, such as renovations of schools and administration offices, have been billing the administration, he claimed. The city administration has also started to pay the bills, which he...