Food Security Budget Realization Soars 71% in October 2024

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Erlina Fury Santika 12/11/2024 15:10 WIB

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The Ministry of Finance's report shows that the realization of food security funds reached Rp91.1 trillion. This figure surged 71% compared to October 2023.

Food Security Budget Realization as of October (2020-2024)

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Food Security Budget Realization as of October (2020-2024)

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The Ministry of Finance (Kemenkeu) recorded that the food security budget realization reached Rp91.1 trillion in October 2024. This figure comprises 79.7% of the total allocation in the state budget (APBN).

This October 2024 realization also surged 71% year-on-year (yoy) from Rp53.3 trillion in October 2023.

“[The funds] are mainly for supporting agricultural infrastructure and facilities, as well as food assistance,” wrote Kemenkeu in a report cited on Tuesday (12/11/2024).

Based on the details, the largest portion was allocated to ministries/agencies (K/L) spending, amounting to Rp45.4 trillion.

The details are as follows: Rp11.9 trillion for the Ministry of Public Works and Public Housing (PUPR) for irrigation network development; Rp10.1 trillion for the Ministry of Agriculture (Kementan) for the development of 437 hectares of rice and corn areas and the rehabilitation of 1,082 tertiary irrigation networks; Rp4.5 trillion for the Ministry of Marine Affairs and Fisheries (KKP) for assistance with 54.7 million fish seeds and 4,400 fishing gear units; Rp17.9 trillion for the National Food Agency (Bapanas) for food assistance in the context of food vulnerability control (89% of KPM).

Secondly, non-K/L spending amounted to Rp22.9 trillion for fertilizer subsidies with a volume of 5.9 million tons.

Thirdly, transfers to regions (TKD) amounted to Rp22.8 trillion, including village funds for Food and Animal Security programs, and Food and Agricultural Security Funds for 1,820 community groups.

(Also read: [Indeks Ketahanan Pangan Provinsi Indonesia 2023](https://databoks.katadata.co.id/ekonomi-makro/statistik/6732d0c0009e0/indeks-ketahanan-pangan-provinsi-indonesia-2023))

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Food Security Budget Realization Soars 71% in October 2024

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