Monday, 28 July 2008

World Bank considers Indonesia has succeeded in budget reform

The World Bank said it considers Indonesia has succeeded in reforming the budget in the last 10 years. “Indonesia has been working hard in reforming the budget,” said the World Bank's country director for Indonesia Joachim von Amsberg during the seminar of 'Budgeting for Performance; Modernizing Public Financial Management' at the Grand Hyatt Hotel in Jakarta. According to Joachim, this achievement was extremely surprising. There were significant changes in the budget reform that encouraged economic development. Joachim said he considered that the budget reform would be asset for the Indonesian government to improve its economic work performance by creating more employment opportunities, reducing poverty, increasing investment levels and public services. Successful budget reform is a sign of good governance. (,20080526-123726,uk.html)

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