Provide Government Subsidy Fund USD 461 M During Transition

From the year 2010 subsidy budget for Home Ownership Loan Simple Healthy (KPRSH) and Rusunami Rp 3.1 Trillion, the government in this case the Ministry of Finance (Kemenkeu) will be budgeted amount of Rp 461 billion during the transition period or a semester. The rest then will be transferred to the post of financing, as one source of funds in the form of a new subsidy patterns, a Liquidity Facility issued by the Ministry of Public Housing.

This was conveyed by Titi Hernawati, Kasubdit Budget Formulation I, Formulation Budget Directorate, Ministry of Finance in the seminar program to unravel tangled Thousand Rusunami Tower Subsidized, Thursday (18 / 2) at the Grand Hyatt. "This is our form of support for programs that run Kemenpera. And please note KPRSH subsidies and Rusunami always included in the budget every year, "he explained.

To note the pattern of the new subsidy, this liquidity facility, the subsidy is transferred to the post of financing will be managed by a Special Purpose Vehicle (SPV) that are blended with funds from banks and other sources. So that expected interest rates will be below 10 percent or be single digit. This subsidy will last for the tenor or a certain period of time. Hopefully with this new pattern, the middle-lower income would be better off.

During the transitional period the Ministry of Public Housing to the breakthrough. Among them is the verification of acceptance will be diverted to subsidize banks so expect there will be no bureaucracy that is too long. With the new model, consumers live shows copy of salaries and Taxpayer Identification Number (NPWP).

But there must be a statement from the relevant that the Annual (SPT) is submitted to the Directorate General of Taxes equal to that given to the banks. Subsidy payments will be made at the time the house was handed over to the end user. Subsidies will be issued in accordance with all applicable rules. "This is an attempt to avoid counterfeiting and ensure subsidy income received by the right people," said Tito Murbaintoro, Deputy Finance Menpera.

In addition to this breakthrough is, Kemenpera also need to complete the task in 2009, the channel / verify Rusunami 3 thousand units that have not been channeled, creating and ensuring a new policy (liquidity facility) can be applied and preparing the schemes during the transition. "It is expected mid-July, this new pattern of subsidy already can walk," he added optimistically.

Liquidity Facility is only temporary in nature, 5 - 10 years ahead. Along with that, will provide savings Kemenpera housing, after the scheme was running. Once formed national housing savings, fund liquidity facility will be replaced by a national savings plus other financing sources.

To support the realization of this program, will encourage Kemenpera endowments Bapertarum and cash to participate. In the end, these funds will be audited by the auditors in accordance with the applicable rules.

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