Government to redeem Rp100 trillion
The government is going to cash in more than Rp100 trillion (US$8.06 billion) to speed up fiscal spending and improve monetary liquidity, writes Bisnis Indonesia.
Attending the 2008 Investor Summit & Capital Market Expo today, Finance Minister Sri Mulyani said, "I have Rp120 trillion (US$9.68 billion) at Bank Indonesia. I have to spend it for DIPA (government budget implementation statement) in one month. And in fact, during the next 30 days, the government is planning to redeem more than Rp100 trillion of that money."
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