Grappling with bureaucracy, new ministers struggle to spend money fast enough: Sri Mulyani

first_img“When COVID-19 hit, the original budget funds needed to be shifted, some of the spending needed to be cut, some of it reprioritized, and then the new money came in for the new priorities. These are all different challenges that they need to manage while we are all working from home,” she added.She estimated that Indonesia’s economic growth would be around zero percent this year as economic activity might start to normalize by September. The government is pinning its hopes on the Rp 695.2 trillion (US$46.6 billion) it has allocated to finance the country’s fight against the pandemic’s impact on the health system and the economy. However, disbursement of the stimulus funds has been slow. Only around 21 percent or Rp 151 trillion of the allocation has been spent so far. “President [Joko] Jokowi [Widodo] has asked to pour out the money through the economy, but pouring it out isn’t like flushing it down the toilet […]; somebody is going to audit you,” Sri Mulyani said.  The government is in a race against the clock to deliver funds to the public to cushion the impacts of the pandemic, but for new ministers the bureaucracy is making budget disbursement challenging, Finance Minister Sri Mulyani Indrawati has said.The state budget had changed “dramatically” in the face of the pandemic, with some budget items being shifted, others cut and allocations reprioritized to best address the shocks the pandemic posed for the country’s healthcare system, economy and social welfare, which the new ministers had to adapt to, she said. “Some of the ministers are new. I thought all of the ministers were like me, who knows the bureaucracy, the policies, the budget documents. But, no, […] they even never worked in the government before,” Sri Mulyani said on Wednesday during The Jakarta Post’s webinar Jakpost Up Close: Reimagining the future of Indonesia’s economy.  Topics :center_img Read also: Pandemic an opportunity for reforms in Indonesia: Sri MulyaniThe minister went on to explain that data and detailed policy implementation were crucial to enable spending accountability.“The President is asking, this is the time that you [the ministers] have to look on the very details, really working on micro-details on what you need to do in the current situation,” the former managing director of the World Bank said.“The good side is that, actually, with this intensity of video conference discussions, we can virtually work 24 hours a day, every hour back-to-back. Basically, we are just working like crazy at this moment,” she noted.last_img read more

Fitness issue knocks Nathan Ferguson out of proposed move to Crystal Palace

first_img Roy Hodgson thought he had got a deal done to bring Walker-Peters to Selhurst Park at the start of the month only for Spurs to pull back at the last minute. Now Saints have swooped in to snatch the right-back on loan until the end of the season with the option of a permanent £12million transfer in the summer. Ferguson is out of contract at The Hawthorns this summer and the Eagles had persuaded Bilic to allow him to leave this month but this latest blip could see the deal fall through. This latest development could affect the Midlands side’s ability to sign Grady Diangana permanently from West Ham. The 21-year-old winger is on loan from the East Londoners and has been in dazzling form this season which is why Bilic wants to tie him down in a £10m deal. Read Also:Tottenham cut-price option for £30m right-back While the Hammers are willing to sell their prospect at the right price, if the Ferguson deal falls through the necessary cash may no longer be available. FacebookTwitterWhatsAppEmail分享 Promoted Content9 Facts You Should Know Before Getting A TattooBirds Enjoy Living In A Gallery Space Created For Them13 kids at weddings who just don’t give a hoot6 Things You Didn’t Know About Channing Tatum’s Ex-Wife10 Risky Jobs Some Women Do11 Movies That Changed The Way We Think Of CGI ForeverWho Is The Most Powerful Woman On Earth?10 Phones That Can Work For Weeks Without RechargingCouples Who Celebrated Their Union In A Unique, Unforgettable WayThe Very Last Bitcoin Will Be Mined Around 2140. Read More7 Universities In The World Where Education Costs Too Much6 Most Breathtaking Bridges In The World Nathan Ferguson’s move from West Brom to Crystal Palace is on a knife-edge. West Brom goal scorer Nathan Ferguson Reports claim a fitness issue picked up in the 19-year-old’s medical is holding up the £10million deal.The existing fitness issue has now led the clubs to reignite talks despite having agreed the fee earlier this week, according to the Mail. And SunSport understands Ferguson himself is having second thoughts as well. The Baggies’ board are keen to cash in on their homegrown youngster despite him emerging as an important part of Slaven Bilic’s promotion-chasing side. The player has rejected the package West Brom have offered him to sign a new contract. But although Ferguson stands to earn about £18,000-a-week at Palace – several times his current wage – he is not particularly keen on leaving the Hawthorns for South London.The Premier League club turned to West Brom’s highly-rated teenager after missing out to Southampton in the race to capture Kyle Walker-Peters from Tottenham.Advertisementcenter_img Loading… last_img read more

MDI Outlasts Foxcroft

first_img Latest posts by admin (see all) Bio Latest Posts admin State budget vs. job creation – January 22, 2015 DOVER-FOXCROFT — The Mount Desert Island Trojans picked up their first win on Tuesday, edging the Foxcroft Academy Ponies 9-7 at Dover-Foxcroft.The Trojans took advantage of six Foxcroft errors and got two singles each from Mackenzie Curtis and Taylor Walls. For more sports stories, pick up a copy of The Ellsworth American. House fire in Winter Harbor – October 27, 2014 This is placeholder textThis is placeholder text Hancock County Court News Nov. 3 thorugh Dec. 11 – January 22, 2015last_img read more

Double crown for Udit Gogoi at National Series Tennis Tournament

first_imgOur Sports ReporterGUWAHATI: Udit Gogoi of Assam lifted double crown winning both U-18 singles and doubles titles in the National Series Tennis Tournament which concluded at Kavali, Andhra Pradesh recently. In the singles final Udit defeated Aman Ayub Khan of Telengana in straight sets 6-4, 6-4. In the doubles final Udit partnering with Aditya Balsekar of Maharashtra beat Aman Ayub Khan(Tel) and S.Boopathy(TN) 6-3,6-2.Also Read: Sports Newslast_img