PMN Tembus Value IDR 369 Trillion In Five Years, Sri Mulyani: Beneficial Economy And Social

JAKARTA - Minister of Finance (Menkeu) Sri Mulyani said that in the period 2005 to 2021 or about the last five years, the government had disbursed IDR 369.17 trillion to SOEs in the form of state capital participation (PMN). The Minister of Finance explained that the funds were taken from the current year's State Revenue and Expenditure Budget (APBN) with details of IDR 350.19 trillion in cash and IDR 18.98 trillion in the form of non-cash. "PMN to these SOEs has a fairly good economic and social impact," he said in a written statement during the Working Meeting of Commission XI of the DPR, Monday, August 29. According to the Minister of Finance, a number of state-owned companies are required to manage funds that are received professionally by taking into account the principles of good governance. "We ask SOEs to be accountable as we can manage the state budget," he said. The Minister of Finance added that there are six sectors that have a significant impact. First, on infrastructure as the largest sector that gets PMN, it causes a reduction in logistics costs, the average EIRR on 30 infrastructure projects 21.05 percent, creating added value for roads, transportation, and the region.

The second impact can be felt on the energy sector. He said, the provision of PMN can develop the economy and create access to fair energy. In addition, it also increases the production capacity of 120 MW of electricity plants and customer coverage of 79 million customers and 61 million kiloliters of fuel.

Meanwhile, in terms of the impact on food, PMN is able to absorb community commodities, increase production capacity or processing, and create jobs. Then from the housing sector, with PMN being able to provide housing, especially for MBR 943,583 units, loan distribution for 1.08 million debtors, and absorb 2.08 million workers. "Meanwhile, for MSMEs, PMN's impact can be felt through the People's Business Credit or KUR program which is able to increase turnover, profits, and product numbers. In addition, there is also a blooming program enjoyed by 10.48 million women with a total of customers and an increase in financial inclusion of 3.5 million people," he said. Furthermore, PMN also contributes to the education sector. This is by providing scholarships in the form of investment for Education Fund Management Institutions (LPDP) in 14,239 college graduates and research funding.