Tuesday, October 3, 2023 | 20:34 WIB

Finance Ministry disburses Rp104.2t to maintain food security


Jakarta, IO – This is also part of government efforts to maintain price stability in the run up to Ramadan and Eid Al-Fitr. “Food security is very important, this year the budget for this is Rp104.2 trillion,” said Head of the Fiscal Policy Agency (BKF) Febrio Nathan Kacaribu, reported CNN Indonesia, Thursday (9/3).

The budget for food security is divided into two, namely Rp81.7 trillion for central government spending worth and Rp22.5 trillion of transfers to the regions. Less than a month into Ramadan, the government is bracing for higher inflation to make sure it will not exceed 4 percent.

“Inflation is a short-term challenge especially ahead of Ramadan and Idul Fitri. We must control food inflation through collaboration between the central government and regional administrations so that inflation by the end of the year can be below 4 percent,” he explained.

Meanwhile, according to Statistics Indonesia (BPS), inflation is forecast to soar, especially for meat and cooking oil. Over the past few years, inflation has always increased during Ramadan and Idul Fitri. In April last year, it registered 0.95 percent, mainly driven by chicken meat, cooking oil, fuel and eggs.

Read: Challenges in boosting rice production

“Based on trends in recent years, it is evident that inflation during Ramadan needs to be managed by controlling commodity prices which are likely to contribute to inflation, including household fuel, cooking oil, chicken meat and several other commodities,” explained BPS Deputy for Statistics Distribution and Services Pudji Ismartini. (bp)


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