4 weeks ago
13
October 18, 2024 | 11:05 pm
TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati has announced an increase in the quota for the Housing Financing Liquidity Facility (FLPP), a mortgage loan program. The quota will be raised by approximately 36,000 units, bringing the total number of subsidized houses under the FLPP program from 166,000 to 200,000 units.
"This increase in the FLPP quota is aimed at providing affordable housing for low-income households," said Sri Mulyani during a press conference following the 2024 fourth-quarter Financial System Stability Committee meeting on Friday, October 18, 2024, at Bank Indonesia's headquarters.
The policy is intended to help low-income families secure adequate housing while also stimulating home sales and keeping inflation in check. "This measure aims to ensure the availability of affordable and livable housing for low-income communities," she added.
Sri Mulyani also announced additional initiatives to make homeownership more accessible. The government will offer tax relief for home purchases by covering 100% of the Value-Added Tax (VAT) until the end of 2024. Previously, the government only covered 50% of the VAT on housing.
In a related matter, Prabowo Subianto’s housing task force leader, Hashim Djojohadikusumo, stated that approximately 27 million houses in Indonesia are considered uninhabitable, resembling slum-like shacks without proper flooring, clean water, or electricity.
Prabowo had previously promised an annual construction of three million housing units during his administration, with two million homes in rural areas and one million apartments in urban areas. The program is expected to cost an estimated IDR 60 trillion.
VEDRO IMANUEL G
Click here to get the latest news updates from Tempo on Google News
Sri Mulyani Projects 5.1% Economic Growth by the End of 2024
4 jam lalu
Finance Minister Sri Mulyani explained that household consumption remains to be the key driver of the economy.
IHSG Expected to React Positively With The Return of Sri Mulyani and Towards the Inauguration of Prabowo-Gibran
12 jam lalu
Market observer and Founder of WH Project, William Hartanto, said that IHSG would strengthen again.
Sri Mulyani for Finance Minister in Prabowo's Cabinet, Economist: 'A Positive Surprise'
1 hari lalu
Rully said Sri Mulyani's return as a minister will convince investors and bring a positive impact to the Indonesian economy.
Sri Mulyani to Be Finance Minister in Prabowo's Cabinet, Says Finance Ministry
3 hari lalu
The Finance Ministry official dropped a hint about Sri Mulyani's potential return as Indonesia's finance minister in Prabowo's cabinet.
List of 49 Ministerial Candidates Summoned by Prabowo to His Residence
3 hari lalu
Indonesian President-elect Prabowo Subianto summoned 49 individuals to come to his residence at Jalan Kertanegara Number 4, on Monday, Oct. 14, 2024
Sri Mulyani Claims 11 Million New Jobs Opened in Past 3 Years
8 hari lalu
Finance Minister Sri Mulyani claims there have been 11 million new job openings in the past three years. However, she did not provide the details.
President-Elect Prabowo to Form Housing Ministry, Task Force Member Says
8 hari lalu
Indonesian President -elect Prabowo's Housing Task Force member said that the Ministry of Public Works & Housing will be separated into 2 ministries.
Sri Mulyani Reports State Revenue at Rp1,777tn per August
25 hari lalu
Finance Minister Sri Mulyani reported that as of August 2024, the total amount of state revenue collected was Rp1,777 trillion.
Sri Mulyani: Finance Ministry Will Hold Competition in Reading, Analysing State and Regional Budgets
25 hari lalu
Sri Mulyani said that the goal of the event is to provide transparency and to introduce the roles of finance in government administration.
Sri Mulyani Orders Probe into Taxpayer Data Breach
28 hari lalu
Finance Minister Sri Mulyani asked the Directorate General of Taxes to launch an investigation into the alleged breach of taxpayer data by Bjorka.
