Bank Indonesia (BI) has said it has submitted the 2022 Bank Indonesia Annual Budget Plan (ATBI) to the House of Representatives of the Republic of Indonesia (DPR RI).
“The submission of the budget plan is a manifestation of BI’s commitment to always prioritize the principles of governance, including transparency and accountability in carrying out its duties and authorities as the central bank in order to achieve the mandated goals,” said chief executive director of BI’s communications department, Erwin Haryono, in an official statement released here on Tuesday.
He said the mandate is contained in the Law of the Republic of Indonesia Number 23 of 1999 concerning Bank Indonesia, which has been amended several times, most recently by Law of the Republic of Indonesia Number 6 of 2009.
The budget plan describes the central bank’s revenue and expenditure plans in the context of implementing programs and activities to support the achievement of its main tasks, as mandated in the law, including operational budgets and policy budgets, both at the head office, domestic representative offices, and foreign representative offices, he informed. The 2022 budget plan covers the implementation of Bank Indonesia’s tasks in 2021, evaluation of the implementation of the budget plan in 2021, the policy direction of Bank Indonesia in 2022, and the budget plan for 2022, Haryono said.
BI is committed to continuing to contribute significantly to the economy and the welfare of the Indonesian people by optimizing all its policies and national policies in 2022 to maintain macroeconomic stability and financial system stability, as well as support further national economic recovery efforts, he added.
In supporting the intended policy direction, BI will continue to strengthen synergy and policy coordination with the government and relevant authorities to maintain economic stability, encourage economic growth, and control the current account deficit, he said. The central bank will also continue to strengthen monetary-fiscal policy coordination, including regarding the continuation of BI’s contribution to financing for the national economic recovery (PEN), he added.
“The direction of BI’s policies that are responsive to the latest economic developments, the dynamic condition of the strategic environment, as well as challenges and future projections characterize the preparation of the 2022 budget plan,” Haryono said.
To support the policy that will be pursued in 2022, BI will continue four transformations — policy transformation, organizational transformation, human resources and work culture transformation, and digital transformation, he added.
To ensure that the 2022 budget plan was prepared in an accountable manner and took into account the sustainability of the previous year’s strategy, the preparation of the 2022 work program and budget was strengthened and aligned with the stages of BI’s 2020-2025 Strategic Business Plan (SBP), and with attention paid to the achievement of outcomes, outputs, and the strategic program process, Haryono informed.
Therefore, the work program and budget prepared can support efforts to achieve BI’s 2025 vision of “being a leading digital central bank that contributes significantly to the Indonesian economy and the best among emerging markets countries for advanced Indonesia”, he added.
Source: Antara News