The Government Allocates Rp11.25 Trillion for New BLT, Here's Where the Money Comes From

The Government allocates Rp11.25 Trillion for New BLT, the Money Comes from Here.

Dream - The government will allocate Rp11.25 trillion for direct cash assistance (BLT) to 18.8 million poor citizens. This BLT, which replaces El Nino assistance, will be distributed for three months, until March 2024.

The Government Allocates Rp11.25 Trillion for New BLT, Here's Where the Money Comes From

"Kalau untuk tiga bulan itu Rp11,25 triliun untuk 18 juta KPM. (Selama) Januari, Februari, Maret," said Minister of Finance, Sri Mulyani, quoted from Liputan6.com, Monday, January 29, 2024. However, the government has not disbursed the assistance for January. Sri Mulyani reasoned that the Ministry of Finance is still coordinating with the Ministry of Social Affairs (Kemensos) for the distribution process of the BLT."

"Because this is almost finished (January), but from the Ministry of Social Affairs for its DIPA affairs, and the use of the data and appointments regarding its costs," said Sri Mulyani. However, until now it is not known whether this assistance will be distributed three months at once or paid monthly. The Ministry of Finance is still assessing the readiness of the Ministry of Social Affairs."

"Three months at a time, later we will see the readiness of the Ministry of Social Affairs," said the former World Bank Operational Director.

"Meanwhile, the Coordinating Minister for Economic Affairs, Airlangga Hartarto, said that this assistance is different from the previous food assistance that has been given. 'Usually, people below ask why I can get rice but not cash BLT. Of course, with different data, it depends on the data from the Coordinating Ministry for Human Development and Culture,' explained Airlangga."

He added, for the first three months, this assistance will be disbursed in February next year with an amount of Rp200 thousand per month. "This replaces the El Nino program that was given at the end of last year (2023) amounting to Rp 200 thousand," said Airlangga.

The translation of the given text from Bahasa to English while preserving any HTML tags is as follows: "Head of Fiscal Policy Agency of the Ministry of Finance (Kemenkeu), Febrio Kacaribu, stated that the funds for this BLT (Cash Transfer Assistance) are sourced from the State Budget (APBN). \u201cMost of it is already available in the APBN, but there are indeed some changes that may respond to the existing conditions in society and globally,\u201d said Febrio."

According to Febrio, the state budget (APBN) in recent years has been designed as a shock absorber to maintain the economy and protect society from the impact of rising global food and energy prices. This means that the role of the state budget is important in meeting sudden and non-sudden needs.

"\u201cSo indeed, we always prepare like in the past few years we always use shock absorbers, if there are needs in society caused by the turmoil we see happening in the global market for example, the state budget can still be prepared,\u201d he said. \u201cOf course, we will find it and the state budget will still be flexible and this is indeed part of our strategy to manage the state budget flexibly,\u201d added Febrio."

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