JAKARTA, Dec. 17 (Xinhua) -- Indonesian central government is only capable of providing 768.16 trillion (about 81.2 billion U.S. dollars), or 53.74 percent of funds needed to finance the country's infrastructure projects from 2010 to 2014, an Indonesian senior official said here on Thursday.
Dedy Supriadi Priatna, Infrastructure Deputy at National Development Planning Agency (PPN), said that infrastructure development in Indonesian requires 1,923.7 trillion rupiah (203.4 billion U.S. dollars) of funds during that five-year period.
But due to the contribution of private sectors that would provide 500 trillion rupiah (about 52.8 billion U.S. dollars), the government has to provide 1,429.2 trillion rupiah (about 151.1 billion U.S. dollars) of the funds needed to finance the infrastructures projects.
Dedy said that to plug the remaining funds needed to finance the project, government would seek more funds from private firms and regional governments. They are expected to contribute 18.36 percent and 27.88 percent respectively to the remaining infrastructure funds.
He said that that the existing infrastructure financing allocation set in the state budget at 5 percent is not sufficient to finance the projects.
President Susilo Bambang Yudhoyono is expected to increase the allocation for infrastructure project in the state budget on Dec. 21 in a cabinet meeting, he added.
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