Recent regulations have been issued to drive the role of regional government to participate more in managing potential. This action can, it is believed, reduce the dependency of regional government on central government for financing regional development.

The Financial Services Authority (OJK) has currently simplified procedures for regional governments to sell bonds on capital markets and raise funds to help finance infrastructure projects in their respective regions. Technically, regional governments have been allowed to issue bonds for more than a decade now.
The new procedures will expedite issuance, while still ensuring sustainability and the ability of the regional governments to repay its debts. West, Central and East Java were already at an advanced stage to issue the bonds, without mentioning the exact date of issuance. Central Java has considered issuing municipal bonds to help spur infrastructure development across the province.