Regional Transfer Budget Increase Awaits President Prabowo's Direction, Finance Minister States

Finance Minister Purbaya Yudhi Sadewa stated that initial calculations for the addition of transfers to the regions (TKD) already exist, but are still awaiting President Prabowo Subianto's instructions. This was conveyed by Purbaya at the Presidential Palace Complex, Jakarta, Friday, July 31. According to Purbaya, the need for transfers to the regions has been roughly calculated. However, the final figure has not yet been announced. These regional transfers refer to financial assistance from the central government to local governments. They aim to stimulate local economies and reduce disparities between regions. The allocation and increase of these funds directly impact the operations of local administrations. As part of the fiscal policy under the Prabowo administration, strengthening financial support for regions appears to be under consideration. With attention focused on the economic priorities of the new administration, the trend of these regional transfers will be a crucial indicator for local governments and regional economies.