According to the Minister of Finance, the idea of forming an education endowment fund, now managed by the Indonesia Endowment Fund for Education Agency (LPDP), is based on two reasons. The first reason is that the education fund allocation of from the State Budget (APBN) is not always fully absorbed. Even though every year the amount continues to increase along with the increase in the State Budget. The next reason is the fact that there is a lack of many of Indonesia's best students who can study at the best universities abroad.
The statement that weakens the Minister of Finance's argument is...