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Business 5 years ago
Indonesia to spend less than expected of COVID-19 budget by year-end
The government is planning to spend only Rp 664 trillion (US$47 billion), 95.5 percent of the COVID-19 stimulus budget totaling Rp 695.2 trillion, by the end of 2020, according to Finance Minister Sri Mulyani Indrawati on Monday.
Business 5 years ago
Ministry conducts early bidding for 1,900 of next year's construction projects
Public Works and Housing Ministry Construction Director General Trisasongko Widianto said on Tuesday that the ministry was already processing 1,900 infrastructure procurement packages out of 4,900 planned packages for 2021 through the electronic procurement system (SPSE).
Business 6 years ago
Ministries of transportation, public works have spent less than half of annual budgets
The Transportation Ministry and the Public Works and Housing Ministry, in charge of infrastructure projects, have spent less than 50 percent of their respective budgets as of Monday, top officials reported, amid calls to expedite government spending during the pandemic.
Business 6 years ago
Jokowi asks for prioritization of state spending on domestic products in Q3
“We should put the brakes on spending overseas. Buy, shop and get our own products, so it can trigger the economy and spur our growth,” the President said in a limited Cabinet meeting at the State Palace in Jakarta on Tuesday.
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