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Futures and Commodity Market News |
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Sat May 17, 2008 |
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Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts |
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JAKARTA, May 12, 2008 (AsiaPulse via COMTEX) -- Indonesia's Finance Ministry is taking care of the distribution of funds allocated by the Agriculture Ministry to the farmers to increase the production and productivity of rice, corn and soybeans. The Finance Ministry merely channeled the money under a regulation of the Directorate General of Treasury No Per-11 PB/2008 of May 2, 2008 on directives on the distribution of fund to the farmers for increasing the productivity and production of rice, corn, and soybean the implementation guidance on the channelling and payment of productivity and production fund for rice, corn and soybean through the integrated crops and resources management vocational school. In supporting the government's program on the improvement of the productivity, production, and income of rice, corn and soybean growers, the agriculture ministry had allocated the funds. The finance ministry confirmed that the amount of funds as specified in the list of budget for the projects, must not exceed the budget ceiling. Based on the fund allocation from the agriculture ministry, the officials in charge of making a commitment held a tender for the payment request letter (SPP) to officials who signed the payment order letter (SPM). The tested SPP document also covered supporting SPP document, availability of budget ceiling in the budget project requirement list (DIPA) in order to assure that the claim should not exceed the budget ceiling, pursuant to a working plan and/or feasility of working results. The directorate general of treasury also disclosed that all provisions on procedures and requirements in applying for the SPP was arranged through a decree of the food crops director general of the agriculture ministry. (ANTARA) |
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