Government to provide any amount of subsidy to develop public housing

"There is no problem with subsidy, the government will provide whatever amount of funds is needed as long as it is used properly," Kalla said here on Thursday when officially opening a meeting of the Association of Housing and Resettlement Developers (Aperti).
Kalla said housing development for the people was a must because it was one of the indicators of economic growth.
He said government subsidy for public housing development was continuing to increase while on the other hand bank interest rates kept on dropping. These indicators meant that more houses could be constructed, he said.
"In the past, the commercial bank interest rate was 18 percent, and currently it`s around 13 to 14 percent. So, the government`s subsidy was 8 percent, and now it is only between 3 and 4 percent. The rupiah`s nominal is the same but there is more that can be paid," he said.