Jakarta, Nov. 29 -- Finance Minister Purbaya Yudhi Sadewa conveyed his readiness to release emergency funds to address flash floods and landslides in Sumatra.

In a press statement on Saturday, Purbaya said he was not yet aware of any regulations regarding the Disaster Pooling Fund (PFB), but he emphasized his readiness to release reserve funds to address the impact of disasters in Sumatra.

"If I am being asked to cover it, I will pay," he stated.

The innovative PFB funding was issued through Presidential Regulation Number 75 of 2021 concerning the Joint Fund for Disaster Management on August 13, 2021.

According to the Ministry of Finance's website, the PFB is included in the government's effort to strengthen fiscal resilience in mitig...