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Act No. 27 Of 2014

Original Language Title: Undang-Undang Nomor 27 Tahun 2014

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2014, No. 259 8

Article 4

(1) Taxation acceptance as referred to in Article 3 of the letter a planned Rp1.379.991.627.125.000.00 (one quadriliun of three hundred seventy-nine trillion nine hundred ninety-nine one billion six hundred and twenty-seven million hundred and twenty-five thousand rupiah), which consists of:

a. In-Country Tax revenue; and

b. International Tax Revenue.

(2) Internal Tax Revenue as referred to in paragraph (1nsferred through the Regional Revenue and Shopping Regional/city Shopping Budget and is used to finance the governance, implementation of development, coaching Society, and community empowerment.

23. Budget Financing is any receipt that needs to be repaid, readmission of the previous budgeting years, respending on the receipt of previous budget years, the use of the budget balance more, and/or expenses to be readmitted, either on the current budget year nor the next budget years.

24. Domestic financing is all financing revenues derived from banking and non-banking in the country, consisting of receipt of loan repayment returns, more budget balances, asset management results, mail publishing. valuable neto state, a neto domestic loan, minus the financing expenditure, which includes the allocation for, the inclusion of state capital, rolling funds, liabilities arising out of Government appropriation, and reserve financing for funds National education development.

25. The rest of the Budget Financing, which is further called SiLPA, is the difference in more realization of budget financing over the realization of the budget deficit that occurs in one reporting period.

26. The Budget balance, which is further abbreviated SAL, is the accumulation of neto of the SiLPA and the Rest of the Less Budgeted Budget (SiKPA) budget years ago and the year the budget is concerned after being closed, supplemented/reduced by correction Bookkeeping.

27. The State 's Precious Letter, which is next abbreviated as SBN, includes state debt letters and the country' s sharia-worth letter.

28. The State Debt Letter, which is also abbreviated as SUN, is a valuable letter of debt recognition in the currency of the rupiah and foreign exchange that guaranteed interest payments and by the State of the Republic of Indonesia in accordance with the expiring term.

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29. The State Shariah Letter (SBSN), also known as SBSN, is a SBN issued based on the principle of sharia, as a proof of the inclusion of the SBSN's assets, both in the currency of the rupiah and the exchange of currency. foreign.

30. The next (Project Based Sukuk/PBS) Letter is a source of funding through the issuer of the SBSN to finance certain activities implemented by the Ministry of State/Instituts.

31. Undefined Government Assistance, which is subsequently abbreviated as BPYBDS, is the Government's assistance with State-owned Goods derived from APBN, which has been operated and/or used by the BUMN based on the Receipt Event's News and up to date is recorded on the financial statements of the Ministry of State/Institute or on the BUMN.

32. The Government Investment Fund is the allocation of the Government's investment funds to the Government Investment Center, the inclusion of the country's capital, and/or the perculation aid fund of the effort whose distribution properties are rolling, which is done to generate benefits. economic, social, and/or other benefits.

33. Country Capital Inclusion, which is further shortened to PMN, is the APBN fund allocated into the wealth of the country that is separated or set up a company reserve or other resources to serve as a capital of BUMN and/or other limited liability companies. and be managed in a corporation, including capital inclusion to international financial organizations/institutions and the inclusion of other state capital.

34. Rolling funds are funds managed by certain BLU to be loaned out to the public/institutions with the aim of improving the people ' s economy and other purposes.

35. The Home Loan is any loan by the Government obtained from a domestic lender that must be repaid under certain terms, subject to the expiration.

36. A warranty obligation is a liability that is potentially a Government burden due to the granting of guarantees to the BUMN and/or the Regional Proprietary Entity (BUMD) in terms of BUMN and/or BUMD is referred to not being able to pay its obligations to the creditors As per the loan agreement or the purchase agreement in the Government cooperation project with the business entity in the provisioning of the infrastructure.

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2014, No. 2597

37. Neto's Foreign financing was all financing that came from the withdrawal of overseas loans consisting of program loans and project loans reduced by loan forwarding and the payment of foreign debt principal payments.

38. The loan of the Program is a foreign loan received in cash in which its obscenity requires that certain conditions are agreed upon by both parties, the Government and the Loan, such as the policy matrik or It's a certain activity.

39. Project loans are foreign loans that are used to finance certain activities of the Ministry of State/Instituations, including loans that are loaned out and/or published even to local governments and/or BUMN.

40. Loan forwarding is a foreign loan or domestic loan received by the Central Government which it is loaned to the local government and/or the BUMN which must be repaid under certain terms and requirements.

41. The Education Budget is the appropriation of the budget on the function of education which is budgeted through the Ministry of State/Institution, the allocation of education budgets through transfers to areas and village funds, and the allocation of education budgets through financing expenditure, Including the salary of educators, but not including the budget of education, in order to pay for the education of the government's responsibility.

42. The percentage of the Education Budget is a comparison of the allocation of education budgets to the total state spending budget.

43. The 2015 Budget Year was the 1 (one) year period from 1 January to 31 December 2015.

Article 2 of the APBN consists of the State Revenue budget, the State Shopping budget, and budget financing.

Article 3 of the State Revenue Budget 2015 was planned to be Rp1,793,588.917.577,000.00 (one quadriliun seven hundred Ninety-three trillion five hundred and eighty-eight billion nine hundred and seventy-seven thousand five hundred and seventy-seven thousand rupiah, which is obtained from the source: a. Taxation Receipts; b. PNBP; and c. Grant Accepts.

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18. The Special Allocation Fund, which is further abbreviated to DAK, is a fund sourced from the income of the country allocated to specific areas with the aim of helping to fund special activities which are regional affairs and in accordance with priority National.

19. The Special Autonomy Fund is the funds allocated to finance the implementation of special autonomy of an area, as specified in Law Number 35 of the Year 2008 on the Enaconing Of The Replacement Government Regulation Number 1 Year 2008 about the Change of Law No. 21 of 2001 on Special Autonomy for the Province of Papua into the Law, and Act No. 11 of 2006 concerning the Government of Aceh.

20. Yogyakarta Special Area Special Fund is the funds allocated fos Agency (BPK).

(5) The Central Government Shopping details According to the Organization, Functions, and Programs as referred to in paragraph (3), are set further by the Presidential Regulation which is set to the slowest date of 30 November 2014.

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Article 9

(1) The Budget Transfer to the Village and Village Funds as referred to in Article 7 of the letter b is planned to be Rp 647,041,268.322,000.00 (six hundred forty-seven trillion forty one billion two Hundred and sixty-eight million three hundred and twenty-two thousand rupiah), which consists of:

a. Transfer to the Area; and

b. Village Fund.

(2) Transfer to the Regions as referred to in paragraph (1) a planned letter of Rp637,975,068,322,000.00 (six hundred thirty-seven trillion nine hundred and seventy-five billion thirty-eight million three hundred and twenty-five million) two thousand rupiah), consisting of:

a. Balance Funds;

b. Special Autonomy Fund;

c. Special Area Special Fund Yogyakarta; and

d. Other Transfer Funds.

(3) The Village Fund as referred to in paragraph (1) the letter b is planned to be Rp9.066.200,000.00 (nine trillion sixty six billion two hundred million rupiah).

Article 10

(1) The Balance Fund as referred to in Article 9 of the paragraph (2) the letter a is planned to be Rp516.401,044,380.000.00 (five hundred sixteen trillion four hundred one billion forty-four million three hundred and eighty thousand rupiah), consisting of:

a. DBH;

b. DAU; and

c. DAK.

(2) The DBH as referred to in paragraph (1) the letter a is planned to be Rp127.692,520.852,000.00 (one hundred and twenty-seven trillion six hundred and ninety-two billion five hundred and twenty-five hundred and fifty-two thousand rupiah).

(3) DAU as referred to in paragraph (1) the letter b is allocated 27.7% (twenty-seven comma seven percent) of Internal Revenue (PDN) neto or planned by Rp352,887,848,528,000.00 (three hundred and fifty-two trillion) Eight hundred and eighty-seven billion eight hundred and forty-eight million five hundred and twenty-eight thousand rupiah.

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(4) PDN neto as referred to in paragraph (3) is calculated based on the sum of the sum of the Taxation and PNBP, reduced by the Reception of the State made to the Regions.

(5) In the case of the An APBN change that causes PDN to grow or decrease, DAU's magnitude does not change.

(6) DAK as referred to in paragraph (1) the letter c is planned to be Rp35,820.675.000.00 (thirty-five trillion eight hundred two Twenty billion six hundred and seventy-five million rupiah), which consists of:

a. DAK of Rp33.000.000.000.00 (thirty-three trillion rupiah); and

b. An additional DAK amounted to Rp2.820.675.000.00 (two trillion eight hundred and twenty billion six hundred and seventy-five million rupiah).

(7) additional Rp2,820.675,000.000.00 (two trillion eight hundred and twenty-five hundred and seventy-five million rupiah) as referred to in paragraph (6) the letter b is allocated as a policy of affirmation to the district/city of the region lagged behind and the border with which the financial capability is relatively low and is used to fund activities:

a. The transportation infrastructure of Rp1,812.171,000.00 (one trillion eight hundred and a hundred and seventy-one million rupiah);

b. Irrigation infrastructure of Rp496.405,000.00 (four hundred ninety-six billion four hundred and five million rupiah); and

c. sanitation infrastructure and drinking water amounted to Rp512.099.000.00 (five hundred and twelve billion ninety-six million. nine million rupiah).

(8) The companion funds for the additional DAK as referred to in paragraph (7) are set on the basis of regional financial capabilities in trailing areas and border regions, provided the following:

a. Low-area financial capabilities once, required to provide a mutual fund of at least 0% (zero percent);

b. Low-area financial capabilities are required to provide a co-fund of at least 1% (one percent); and

c. The financial capability of the medium area, is required to provide the least 2% (two percent) companion fund.

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2014, No. 259 14

Section 11

(1) Special Autonomy Funds as referred to in Section 9 of the paragraph (2) letter b is planned to be Rp16.615.513.942.000.00 (sixteen trillion six hundred fifteen billion five hundred and thirteen million) nine hundred and forty-two thousand rupiah), consisting of:

a. The allocation of the Special Autonomy Fund of the Province of Papua and West Papua Province amounted to Rp7.057,756,971,000.00 (seven trillion fifty-seven billion seven hundred and fifty-six million nine hundred and seventy-one thousand rupiah) agreed to be divided each with a proportion of 70% (seventy percent) for the Province of Papua and 30% (thirty percent) for West Papua Province with details as follows:

1. The Special Autonomy Fund of Papua Province amounted to Rp4,940.429.880.000.00 (four trillion nine hundred and forty billion four hundred and twenty-nine million eight hundred and eighty thousand rupiah).

2. The Special Autonomy Fund of West Papua Province amounted to Rp2.117.327.091.000.00 (two trillion hundred seventeen

billion three hundred and twenty-seven million and ninety-one thousand rupiah).

b. The allocation of the Aceh Provincial Special Autonomy Fund amounted to Rp7.057,756,971,000.00 (seven trillion fifty-seven billion seven hundred and fifty-six million nine hundred and seventy-one thousand rupiah); and

c. Additional funds of infrastructure in the framework of special autonomy of the province of Papua and West Papua Province amounted to Rp2,500,000.000.00 (two trillion five hundred billion rupiah) with the following details:

1. Additional infrastructure funds for Papua Province amounted to Rp2,000.000.000.00 (two trillion rupiah); and

2. Additional infrastructure for the West Papua Province amounted to Rp500,000.000.00 (five hundred billion rupiah).

(2) The Special Area Special Fund of Yogyakarta as referred to in Article 9 of paragraph (2) of the letter c of Rp547.450.000.00 (five hundred and forty-seven billion four hundred fifty million rupiah).

(3) Other Transfer Funds as referred to in Section 9 of the paragraph (2) the d d is planned to be Rp104.411.060.000.000.00 (one hundred and four trillion four hundred eleven billion sixty million rupiah), with details as follows:

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2014, No. 25915

a. The PNS Teacher's profession allowance is Rp70.252.670.000.000.00 (seventy trillion two hundred and fifty-two billion six hundred and seventy million rupiah);

b. The additional funding of the PNS Teacher's income area amounted to Rp1,096.000.000.00 (one trillion ninety-six billion rupiah);

c. The School Operational Assistance (BOS) amounted to Rp31,298,300.000.000.00 (thito the area.

(3) The Central Government Shopping Budget as referred to in paragraph (1) is grouped over:

a. Central Government Shopping According to the Organization;

b. Central Government Shopping According to the Functions; and

c. Central Government Shopping According to the Program.

(4) The Central Government ' s Shopping Budget as referred to in paragraph (1) includes awarding and sanctions on the implementation of the Ministry of State/Society shopping budget 2013 based on the audit results of the Financial Examiner ' er set up with the Presidential Regulation which is set to be the slowest of November 30, 2014.

Article 13

(1) The Subsidy Management Program in the 2015 Budget Year is planned to be Rp414.680.552.641.000.00 (four hundred fourteen trillion six hundred and eighty billion five hundred and fifty-two million six hundred and forty-one million Thousand rup billion five hundred and eighty million rupiah).

Article 12

Details of Budget Transfer to the Village and Village Funds as referred to in Article 9, Section 10, and Section 11 are furthreferred to the paragraph (1) the Government includes the prognosis for the next 6 (six) months.

(3) The report as referred to in the paragraph (1) and the paragraph (2) is delivered to the People's Representative Council at the latest in late July 2015, to be discussed together between the House of Representatives and the Government.

Article 29

(1) The APBN Adjustment of the Budget Year 2015 with development and/or state changes discussed with the People ' s Representative Council with the Government In order to make an estimated change in publish SBN to finance the management needs cash for the implementation of APBN, if cash management cash is not available enough to meet the country ' s spending needs at the beginning of the year.

(3) The Government can make a repurchase of SBN for the benefit of market stabilization and cash management by staying attening the amount of SBN neto publishing needs to meet the financing needs specified.

(4) The government may accelerate the payment of the underlying mortgage on the debt portfolio management through the issuance of the SBN.

(5) In case there is a financing instrument of a more favorable debt, and/or unavailability of one of the financing instruments of the debt, the Government can do a change in composition of the debt financing instrument in order maintaining economic and fiscal resilience.

(6) The change in the composition of the debt financing instrument as referred to in paragraph (5) or in the name of the reallocation of the debt interest budget, the Government can do a change of composition (reallocation) of the the payment of interest in foreign debt to the payment of interest in debt in the country or otherwise without causing any changes to the total debt interest payments.

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(7) To lower SBN publishing costs and ensure the availability of financing through debt, the Government may receive a debt issuer guarantee from an institution that can exercise the function of the copying, and/or accept facilities in the form of financing support.

(8) The implementation of the provisions as referred to in paragraph (1) to the paragraph (6) is set by the Government and reported in the APBN Change of the 2015 Budget Year and/or Financial Reporting The Central Government (LKPP) 2015.

Article 23

(1) PMN on international financial organizations/institutions and other PMNs to be conducted and/or have been recorded on the Central Government Financial Report (LKPP) as the Permanent Investment PMN, set to be made PMN on such other organizations/financial institutions and PMNs.

(2) The government may make a PMN payment exceeding the pagu specified in the 2015 Budget Year resulting from the difference of kurs, which is further reported in the APBN Change of the Year of Budget 2015 and/or Central Government Finance Report (LKPP) 2015.

(3) The implementation of the PMN in international financial institutions/institutions and other PMN as referred to in paragraph (1) is specified with the Government Regulation.

Section 24

(1) State-owned Goods (BMN) derived from the Isian List Activities (dIK) /List of Project Padding (dIP) /XX_ENCODE_CASE_CAPS_LOCK_On budgeting (DIPA) Ministry of State/Agency used and/or operated by BUMN and has been recorded on BUMN's financial position report as BPYBDS or similar accounts, set to be used as PMN on such BUMN.

(2) The resulting BMN from capital shopping on DIPA Ministry of State/Institute to be used by BUMN since the procurement of BMN is referred to, designated as PMN on the BUMN using the BMN.

(3) The implementation of the PMN on BUMN as referred to in paragraph (1) and the paragraph (2) is specified with the Government Regulation.

Article 25

(1) the Finance Minister is granted the authority to manage the Government Warranty Obligability budget for:

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a. the acceleration of the construction of an electric power plant using coal;

b. The administration of the infrastructure for the accelerated supply of drinking water; and

c. infrastructure security in the Government's cooperation project with the business entity performed through the infrastructure of the infrastructure,

which is part of the Domestic Financing as it has been allocated in Section 18 of the paragraph (2) letter a.

(2) In the case of the Government Guaranteed Oblicity budget as referred to in paragraph (1) has been thawed, taken into account as a debt/bill to a guaranteed entity or the shopping of the Ministry of State/Institution.

(3) In the event of a Government Warranty Obligation budget that has been allocated as referred to in paragraph (1) is not used in a running year, the Government's Warranty Obligation Liability budget is intended to be accumulated with Transfer mechanism into the Government's backup fund account which is open at the Bank of Indonesia for the payment of Government Assurance Liability in the upcoming budget year.

(4) Further provisions on the implementation of the Government Government Warranties Obligations, as referred to in paragraph (3) set with the Finance Minister Regulation.

Article 26

(1) The government may make debt interest payments and issuance of debt principal exceeding the pagu set in the 2015 Budget Year, the next reported Government in the APBN Change of the 2015 Budget Year and/or the Central Government Financial Report (LKPP) of 2015.

(2) The Government may conduct a Value Lindung transaction in order to control the risk of interest payments and the issuance of debt principal.

(3) Fulfillment of the obligations arising from the Value Lindung transaction as contemplated In paragraph (2) of the debt repayment fee.

(4) The liability arising as referred to in paragraph (3) is not the country's financial loss.

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(5) Further provisions regarding the implementation of the Value Lindung transaction as referred to in paragraph (2) are governed by the Regulation of the Minister of Finance.

Article 27

(1) the Finance Minister is authorized To complete the Government of the Government that is managed by the Committee on Foreign Affairs/Directorate General of the Wealth of State, in particular the debt to the micro, small, and medium enterprises (UMKM), and the debt Credit of the Home. Simple/Home Very Simple (KPR RS/RSS), covering and not limited to restructuring and granting of the underlying debt relief up to 100% (one hundred percent).

(2) Further provisions on the Government of Government receivance terms as referred to in paragraph (1) are governed by the Regulation of the Minister of Finance.

Article 28

(1) In the middle of the 2015 Budget Year, the Government of the Government of the United States. Compiling a report for the implementation of the first APBN Semester of the 2015 Budget Year on:

a. State Revenue realization;

b. State Shopping realization; and

c. The realization of Budget Financing.

(2) In the report as div>

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(2) The DPR Agreement as referred to in paragraph (1) is the stated decision in the conclusion of the Working Session of the Chamber of Representatives of the Republic of Indonesia with the Government, which is granted in no more than 1x24 (one time twenty-four) hours after the proposal is submitted the Government to the House.

(3) The number of SAL usage in the SBN market stabilization framework as referred to in paragraph (1) is reported by the the 2015 APBN Budget, in the event of the event occurred:

a. the development of macro economic indicators that do not correspond to the assumptions used in the 2015 APBN Budget Year;

b. changes to fiscal policy;

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c. circumstances that lead to a budget shift between the organization and/or interprogram of the program; and/or

d. the circumstances that caused the SAL of the previous year must be used for the financing of the year-running budget.

(2) SAL as referred to in paragraph (1) the letter d is SAL which is in the Bank Indonesia account whose use is set by the Minister Finance is subject to the applicable terms and is reported in the responsibility of the APBN implementation.

(3) The Government submitted an Act on Change of the Revenue Budget and State Shopping Act 2015 based on changes as referred to in paragraph (1) to obtain the Council's approval. The People's Representative before the 2015 Budget Year ended.

Article 30

(1) In an emergency, in the event of any of the following:

a. economic growth projections under the assumptions and deviations of other macroeconomic base assumptions that cause the fall of state revenue, and/or increase the country ' s spending significantly;

b. the condition of the financial system fails to execute its function and its role effectively in the national economy; and/or

c. rising debt costs, in particular the imbal of SBN results significantly,

Government with the approval of the House of Representatives People can do the steps:

1. Expenses that are not available in the budget and/or expenses exceed the pagu specified in the 2015 APBN Budget Year;

2. Interprogram shopping budget shifts in a single budget and/or budget interchange;

3. State Shopping Pagu reduction in order to increase efficiency, by keeping a fixed priority program objective to be achieved;

4. use of SAL to close its APBN financing shortfall, with first taking into account the availability of SAL for budget needs up to the end of the running budget year and the beginning of the next budget year;

5. the addition of debt derived from the standby loans of bilateral and multilateral creditors and/or SBN issuers; and

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6. the granting of loans to the Institute of Savings Guarantee (LPS), in terms of LPS experiencing liquidity difficulties.

(2) In an emergency, the Government may conduct a withdrawal on standby loans derived from bilateral and multilateral creditors as the alternative sources of financing in terms of market conditions do not support SBN publishing.

(3) The charges incurred by the procurement of standby loans as referred to in paragraph (1) figure 5 and paragraph (2) are the interest payments section.

(4) Steps to address the state of the financial conditions as referred to in paragraph (1) letter b exercised under the coordination results between the Minister of Finance with the Governor of the Bank of Indonesia (BI), Chairman of the Council of the Commissioners of the Financial Services Authority (OJK) and Chairman of the Board of LPS Commissioners in the Stability Coordination Forum The Financial System, as referred to in law regarding OJK.

(5) The Parliament Agreement as referred to in paragraph (1) is the stated decision in the conclusion of the Working Session of the Chamber of Representatives of the Republic of Indonesia with the Government, which is granted in no more than 1x24 (one time twenty-four) hours After the proposal passed the government to the House

(6) If the approval of the DPR as referred to in paragraph (1) because one and other things cannot be established, then the Government can take the steps as referred to in paragraph (1).

(7) The Government convees the implementation of policy measures as referred to in paragraph (1) and paragraph (2) in the APBN of the 2015 Budget Year and/or Central Government Financial Report (LKPP) of 2015.

Article 31 (1) After the 2015 Budget Year ended, the Government drafted

accountability for the implementation of the 2015 APBN Budget Office of the Central Government Financial Report (LKPP).

(2) The Central Government Financial Report (LKPP) as referred to in paragraph (1) is compiled based on the Governing Accounting Standard (SAP).

(3) The Government submitted an Act on Accountable of the Revenue Budget and State Shopping of the Budget Year 2015, after the Central Government Financial Report (LKPP) as referred to in paragraph (1) inspected by the Financial Supervising Board, at least 6 (six) months after the 2015 Budget Year ended to obtain the approval of the People ' s Representative Council.

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Article 32

The government in implementing the 2015 Budget Year appropriation sought fulfillment of quality economic growth, which is reflected in:

a. Decrease in poverty to 9% (nine percent) up to 10% (ten percent);

b. economic growth of every 1% (one percent) can absorb about 250,000 (two hundred and fifty thousand) of labor;

c. The unemployment rate is open to 5.5% (five in five percent) up to 5.7% (five seven percent comas); and

d. Gini Ratio, an increase in the Peasant Exchange Rate and the Fisherman's Exchange Rate, by staying considering the affected factors, both external and internal.

Article 33

This Act goes into effect on January 1, 2015.

For everyone to know it, ordering the invitational of this Act with its placement in the State Sheet of the Republic of Indonesia.

Passed in Jakarta on 14 October 2014

PRESIDENT OF THE REPUBLIC OF INDONESIA,

DR. H. SUSILO BAMBANG YUDHOYONO

UNDRASED in Jakarta on 14 October 2014

MINISTER OF LAW AND HUMAN RIGHTS REPUBLIC OF INDONESIA,

AMIR SYAMSUDIN

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