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Govt offers home purchase loan scheme for young people

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Sri Mulyani
Finance Minister Sri Mulyani. (IO/Pramita Hendra)

To address this problem, Sri Mulyani admitted that her ministry has come up with various measures using state financial instruments.

First, waiving the Value Added Tax (VAT) for low-income housing. “It is an instrument that we use in a pandemic situation to protect and provide a stimulus for the property sector to soften the impact of the pandemic,” he said.

Read: Kemendag officially launches Rp14,000-priced MinyaKita

“We also came up with a loan scheme for subsidized public housing. We are also using the housing financing liquidity facility, which is often referred to in APBN as FLPP. There is also an interest subsidy (SSB) and savings-based financial assistance (BP2BT),” added Sri Mulyani. (un)

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