REPUBLIKA.CO.ID, JAKARTA -- Minister of State-Owned Enterprises (BUMN) Erick Thohir revealed the great role of SOEs towards the state in recent years. Erick said SOEs managed to increase fiscal contributions to the state through dividend deposits, taxes, and non-tax state receipts (PGDP) in the past three years.

“During 2020 to 2023, the total contribution of SOE ministries to the state is worth Rp 1.940 trillion. The details are, taxes amounted to Rp 1,391.4 trillion, then PNBP and others amounted to Rp 354.2 trillion, and dividends amounted to Rp 194.4 trillion,” Erick said during a working meeting with the VI DPR Commission at DPR Building, Jakarta, Monday (2/9/2024).

Erick explained the trend of SOE contributions in tax payments has continued to increase since 2020 by Rp 247 trillion, 2021 by Rp 278 trillion, 2022 by Rp 410 trillion, and 2023 to Rp 457 trillion. Also with dividends that continue to accelerate to Rp 81 trillion in 2023 or up from 2020 which amounted to Rp 44 trillion, 2021 with Rp 30 trillion, and 2022 by Rp 40 trillion.

“If we look at it, of course the tax contribution continues to increase because nothing but the company's performance has improved,” Erick said.

For PGDP, Erick continued, there was indeed a decrease from Rp 86 trillion in 2020, then Rp 87 trillion in 2021, briefly rising by Rp 98 trillion in 2022 and then to Rp 84 trillion in 2023.

“As for this PNBP there is a decrease in price fluctuations than natural resources for which there is a correction of its own whether it is in palm oil, coal and others,” added Erick.

Erick said that the growth indicator of SOE performance is also visible from the total assets of SOEs which reached Rp 10.402 trillion or up 7.8 percent per year from 2020 which amounted to Rp 8.312 trillion, total equity amounted to Rp 3.444 trillion or grew 12 percent per year from 2020 which amounted to Rp 2.475 trillion.

Erick said the revenue of state-owned enterprises in 2023 reached Rp 2.933 trillion or up from 2020 which amounted to Rp 1.930 trillion, and with net profit that jumped 11.2 percent to Rp 327 trillion from 2020 at Rp 13 trillion.

With the large contribution of SOEs, Erick hopes for additional budget support for the Ministry of state-owned enterprises. Erick said that the budget deficit of the Ministry of BUMN for 2025 of Rp 277 billion is very low when compared to the large role of state-owned enterprises in Indonesia's economy.

Erick said that the budget allocation of the Ministry of BUMN 2025 also decreased compared to the budget of the Ministry of BUMN in 2024, which amounted to Rp 284.36 billion.

“The adjustment period of the Ministry of BUMN 2024 is Rp 284 billion, while the one we get in the 2025 budget period is only Rp 277 billion. This is certainly not comparable to the achievements that Commission VI has encouraged or the achievements that we have been doing so far,” Erick continued.

Erick said the Ministry of State-Owned Enterprises also submitted a proposal for a supplementary budget worth Rp 66 billion to support the work of the Ministry of BUMN in 2025. Erick delivered a supplementary budget allocation aimed at improving the system of supervision of SOEs.

Not only did it succeed in improving the performance of state-owned enterprises, Erick considered that an increase in the budget deficit was needed to encourage contributions to the state. Erick said SOEs in 2025 had a big target to increase the amount of dividends to Rp 90 trillion or up from 2024 which amounted to Rp 85 trillion.

“If we look at (the 2024 and 2025 budgets) this has dropped from Rp 284 billion to Rp277 billion, while the performance of this dividend is certainly increasing in an orderly manner. It means that indeed the comparison is very unbalanced,” Erick said.

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