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February 5, 2025 | 03:23 pm
TEMPO.CO, Jakarta - President Prabowo Subianto's instruction for each ministry and agency to implement budget savings, the Ministry of Finance (Kemenkeu) has to cancel the Ministerial Scholarship offer for 2025. This decision was also the result of the Leadership Meeting of the Financial Education and Training Agency (BPPK) on January 31, 2025.
"We sincerely apologize for the cancellation of the Ministry of Finance (Kemenkeu) Ministerial Scholarship offer for 2025. As a follow-up to this cancellation, the scholarship registration process has been discontinued effective from the date this announcement is issued," said Wahyu, as quoted by Antara.
The Ministerial Scholarship is a program designed for future leaders or top talents of the Ministry of Finance to pursue postgraduate studies abroad.
This scholarship program intends to enhance the Ministry of Finance's competencies in human resources to achieve its vision, mission, and strategic goals. Ministerial Scholarship alumni are expected to have a competitive edge, making them well-prepared to lead the Ministry of Finance in the future.
This year, the program was opened on January 10 and was initially scheduled to close on February 9. However, it was canceled following the cancellation letter issued on January 31, 2025.
President Prabowo Subianto previously issued Presidential Instruction (Inpres) 1/2025, instructing a budget cut of Rp 306.69 trillion in the 2025 State Budget (APBN) and Regional Budget (APBD). This amount consists of reductions in ministry/agency (K/L) budgets and transfers to regions (TKD), with cuts of Rp 256.1 trillion and Rp 50.59 trillion, respectively.
In response to the instruction, Minister of Finance Sri Mulyani Indrawati issued letter number S-37/MK.02/2025, specifying 16 expenditure items that need budget reductions, with varying cuts ranging from 10 percent to 90 percent.
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