news     July 28, 2020

PT SMI’s Loan is Expected to Restore Economic Activity in the Region

PT Sarana Multi Infrastruktur (Persero) said that loans distributed by the central government to regional governments are expected to be able to restore economic activity in the regions. Moreover, many regions are experiencing economic pressure from the covid 19 pandemic.

PT SMI’s Financing & Investment Director Sylvi J Gani said the covid-19 pandemic forced the regions to reallocate and refocus the budget. This caused a number of projects to be stopped and even postponed due to lack of funding.

“So to overcome or provide a solution to the (budget) deficit problem so that economic activity in these areas can resume,” he said after being signed by the cooperation agreement between PT SMI with the Provinces of DKI Jakarta and West Java at the Ministry of Finance office, Jakarta, Monday, July 27, 2020.

According to him, the running of infrastructure activities will encourage employment, so that economic activity in the region will again move from the impact of the co-19 pandemic. In the end this supports national economic recovery.

At this initial stage, the DKI Jakarta Provincial Government proposed a loan of Rp12.5 trillion, consisting of Rp4.5 trillion for this year and IDR 8 trillion for next year. While the West Java Provincial Government submitted a loan of Rp4 trillion consisting of Rp1.9 trillion in 2020 and Rp2.09 trillion in 2021.

The funds channeled are funds from the central government budget of Rp10 trillion in the State Budget (APBN). In addition, PT SMI also prepared additional funds of Rp5 trillion for local government loans.

Source: medcom.id

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