Jakarta, 29 August 2023 – Indonesia’s Finance Minister Sri Mulyani stated that the food security development policy is designed to mitigate the impact of climate change.
"To mitigate climate change effects that pose the risk of food price volatility, increasing productivity, food sovereignty, and price stability becomes more significant," stated Sri Mulyani during the House of Representatives (DPR) Plenary Meeting which deliberates the Government's response to the Faction's General View of the 2024 State Budget Bill and Financial Note. This session took place in Jakarta on Tuesday, 29 August 2023.
In accordance with this, Finance Minister has explained that the focus of food security development aims to ensure access and stabilize food prices through various aspects. These include boosting domestic production, safeguarding agricultural business, and accelerating the development and rehabilitation of food-related infrastructure.
Furthermore, also by the establishment of Food Estate Areas (Food Production Center Areas) and the strengthening of national food reserves. The government remains committed to sustaining food security in the future, as actualized by the allocation of Rp108.8 trillion in the food security budget in the 2024 Draft State Budget.
The funds are to be channeled through central government spending of Rp89.6 trillion and transfers to the regions of of 19.2 trillion.
In line with the Indonesian Government's commitment, ASEAN is dedicated to enhancing collaboration within the financial sector to bolster food security in the region, both on regional and global scales. This commitment was expressed during the Asean Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) held in Jakarta on Friday, 25 August 2023.
This strengthening of collaboration is being realized through various ASEAN financial processes and other sectoral bodies within ASEAN.
By involving cross-sectoral cooperation, ASEAN finance ministers and central bank governors are aiming to set policy improvements that can mitigate challenges to food security, enhance the accessibility and affordability of nutritious food for all.
Furthermore, to increase financing access for small and medium-sized enterprises, small-scale farmers, and enhancing trade facilities to promote food security in the region. (Imamatul Silfia/ Agus Salim/Elvira Inda Sari)
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Photo caption 1: Minister of Finance Sri Mulyani Indrawati (fifth left) with Governor of Bank Indonesia Perry Warjiyo (fifth right), ministers of finance and central bank governors of ASEAN countries, along with several participating delegates, for a group photo session during the 10th Meeting of Finance Ministers and ASEAN Central Bank Governors (AFMGM) in Jakarta on Friday, 25 August 2023. The meeting discussed financial and economic resilience, inclusive economic growth, and transition financing to support sustainable finance and a green economy. ANTARA PHOTO/Hafidz Mubarak A/aww.
Photo caption 2: Minister of Finance Sri Mulyani delivered her presentation at the 4th House plenary meeting at the Parliament Building, Senayan, Jakarta on Tuesday, 29 August 2023. On this occasion, Sri Mulyani conveyed the government's response to the general views of the House factions concerning accountability for the execution of the 2022 State Budget and the 2024 State Budget Bill. ANTARA PHOTO/Aditya Pradana Putra/rwa.