Village Funds Increased Annually, but Decreased in 2022

Economics & Macro

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Adi Ahdiat 04/07/2023 14:52 WIB

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In 2022, the realization of Village Fund transfers decreased by 5.5% year-on-year. However, cumulatively from 2015 to 2022, the realization increased by 227%.

Realization of Village Fund Transfers by Fiscal Year (2015-2022)

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Village Funds Increased Annually, but Decreased in 2022

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Realization of Village Fund Transfers by Fiscal Year (2015-2022)

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Based on Law Number 1 of 2022, Village Funds are part of Regional Transfers (TKD), a budget item in the State Budget (APBN) allocated and channeled for management by local governments.

Village Funds are TKD specifically allocated for villages, aiming to support the financing of village governance, development, and community empowerment.

According to the Central Government Financial Report (LKPP), the realization of Village Fund transfers has consistently increased annually from 2015 to 2021, although the growth rate has varied.

However, in 2022, the realization of Village Fund transfers decreased by 5.5% year-on-year (yoy) to Rp67.9 trillion.

Despite the year-on-year decrease, cumulatively from 2015 to 2022, the realization of Village Fund transfers has surged by 227%.

For this year, the government has budgeted Rp70 trillion in Village Fund transfers in the 2023 APBN.

However, in early July 2023, a working committee meeting on the revision of the Village Law in the House of Representatives (DPR) agreed on a 20% increase in the Village Fund budget allocation in the APBN.

"We have made a decision, the majority (of factions) agree (to a 20 percent increase in Village Funds)," said the Head of the DPR Legislation Body, Supratman Andi Agtas, as reported by Antara on Monday (3/7/2023).

With this increase, each village could receive up to Rp2 billion in transfers per year.

However, although agreed upon by the majority of factions in the DPR, this revision point in the Village Law has not yet been ratified and will be discussed further with the government.

Editor : Adi Ahdiat

"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."