2023 LPDP Scholarship Allocation Increased, Cultural Funding Decreased

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Adi Ahdiat 05/11/2024 13:30 WIB

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Overall, LPDP spending in 2023 increased, particularly for scholarship programs. The only expenditure that decreased was for cultural programs.

LPDP Spending Realization by Type (2022-2023)

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LPDP Spending Realization by Type (2022-2023)

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Indonesia's Education Fund Management Institute (LPDP) spent Rp9.8 trillion in 2023, a 99.5% year-on-year (yoy) increase from 2022.

This figure includes spending on LPDP's own programs, collaborative programs with other ministries/agencies, and office and management operational expenses.

Specifically, LPDP's 2023 expenditure was largely allocated to scholarships, amounting to Rp8.86 trillion, or 90% of total spending. This figure also surged by 111.5% (yoy).

According to its financial report, LPDP's scholarship spending in 2023 increased significantly due to a rise in scholarship recipients, including those studying abroad.

LPDP's spending on research funding in 2023 also increased by 41.4% (yoy), university endowment funding by 56.6% (yoy), and operational expenses by 20.3% (yoy).

However, cultural endowment funding decreased by 53.9% (yoy), as shown in the graph.

The LPDP financial report does not explain the reason behind this decrease.

Cultural endowment funds support cultural advancement programs, including support for cultural communities and practitioners, cultural event production and public space utilization, and media production such as documentation of masterworks/knowledge and creative work creation.

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."

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2023 LPDP Scholarship Allocation Increased, Cultural Funding Decreased

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