SOEs paid Rp377-trillion dividends, Rp1,518-trillion taxes to state

 

Jakarta State-owned companies paid dividends worth Rp377.8 trillion and taxes amounting to Rp1,518.7 trillion to the state during the 2010-2019 period, Finance Minister Sri Mulyani Indrawati stated.

“State capital placement (in state-owned companies) over the past decade reached Rp178 trillion in cash and Rp8.16 trillion in non-cash,” the minister noted during a virtual working meeting with the House of Representatives’ (DPR’s) Commission XI in Jakarta on Monday.

In total, the state capital placement had reached Rp186.47 trillion comprising Rp179.16 trillion for increasing business capacity and Rp7.30 trillion for improving capital structure, she remarked.

The minister affirmed that state-owned companies played a crucial role, as catalysts, to drive the national economy and as agents of development. The role is usually considered less attractive in the eyes of private investors but it has, in fact, high social and economic impacts.

The number of state-owned companies reached 117 in 2019 as compared to 145 in 2010. The policy to slash the number of state-owned firms is aimed at bolstering their efficacy as the agents of development, Indrawati pointed out.

State-owned companies’ investment is equitably distributed in all regions across the country in 112 projects, worth Rp333.9 trillion, the minister stated.

The projects comprise roads, telecommunications and informatics, water management, transportation, airport, and power plants.

“The average leverage from every single rupiah that we allocated to state capital placement is 8.97 times,” she stated.

 

 

 

Source: Antara News

 

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