Denpasar, Bali, June 28 -- The Ministry of Finance has disbursed Rp333.6 billion (US$18 million) through May 2026 to finance several government projects in Bali using proceeds from Government Sharia Securities (SBSN).

"One of the beneficiaries is Udayana University, as well as road infrastructure projects and projects for the Indonesian Defense Forces (TNI) and the National Police," Head of the Bali Provincial Office of the Directorate General of Treasury (DJPb) Supendi said here on Sunday.

He said eight institutions received development funding through the SBSN scheme.

They include Udayana University, which received Rp100 billion (US$5.4 million) for the procurement of office and laboratory equipment, as well as the construction of a ...