- VIVAnews/Nur Farida Ahniar
VIVAnews - Economist head of Danareksa Research Institute, Purbaya Yudhi Sadewa, warned the Indonesian government on the delayed implementation of state budget absorption.
"Until May, the government's treasury worth Rp 173 trillion is still kept in Bank Indonesia," Yudho told VIVAnews in Jakarta, today, June 16. "This is risky because it may upset the financial system."
He reminded that the situation resembled it was in 2008. In that period until August 2008, state treasury was there in Bank Indonesia valuing to Rp 200 trillion due to unansorbed state budget. As a result, fund disbursement was hampered and banking lacked cash.
"The situation disturbed credit and doubled interest rate," said Yudhi. In fact, the situation also drove banking system to crash due to tight money. "It was the same situation that led Bank Century to collapse in November 2008," he said.
Therefore, he reminded that the government takes immediate actions to accelerate the disbursement of the state budget.
Yudhi emphasized the amount of fund worth Rp 90 trillion stored in Bank Indonesia, which is considered poor. Current record of the fund marked a double rise.
According to him, the government can lay out better plans in preparing the State Budget and development program.
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Translated by: Bonardo Maulana W
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