Realization of village funds reaches Rp59.2 trillion

Bogor, W Java – The realization of village funds in the year ending on November 11, 2017 reached Rp59.2 trillion, which comes close to the government target of Rp60 trillion set in the revised 2017 state budget, an official said.

“The realization of village funds until the end of this year will not reach 100 percent due to an obstacle to the transfer of funds from regional general cash accounts to village cash accounts,” Director General of Balanced Finance of the Finance Ministry Boediarso Teguh Widodo said here on Tuesday.

The realization of village funds is sourced from the transfer of village funds from state general cash account to regional general cash accounts at Rp35.8 trillion for 74,910 villages or 99.5 percent of the first phase of distribution target of Rp36 trillion, he said.

Meanwhile, the second phase of the transfer of village funds from state general cash account to regional general cash accounts at Rp23,4 trillion for 73,051 villages or 97.3 percent of the second phase of distribution target of Rp24 trillion, he said.

Until the end of 2017, the amount of village funds which has not been distributed will reach Rp800 billion.

Aftewr all, the first phase of the distribution of village fund only reached Rp33.1 trillion for 65,324 villages or 91.9 percent of the target of Rp36 trillion which has been transferred from the regional genera; cash accounts to village fund accounts.

Source: Antara News