Indonesia strives to improve budgeting

25 Aug 17

Indonesia’s finance minister Sri Mulyani Indrawati has received recommendations from the country’s budget committee aimed at improving the draft bill on accountability of the state budget.

She said: “Government will always respect, listen, and implement various recommendations from the Audit Board of Indonesia or [the committee].

“The government continues to expect support from leaders and members of budget committee in improving the state financial management quality and government’s financial accountability,”

Among the committee’s recommendations were that the quantity and quality of accountancy training and accrual-based financial reporting should be improved in central and local government.

It also supported improving the government’s management quality and asset review reliability with assets control, including inventory, assessment and suggested giving awards to parts of government that manage their budget effectively, efficiently, or secure unqualified opinions on their financial reports.

Did you enjoy this article?

Related articles

Have your say

CIPFA latest