DPR: PMN BUMN Used To Be Debt, Now Patched From Dividends

JAKARTA - Commission VI of the House of Representatives held a working meeting with SOE Minister Erick Thohir with a decision-making agenda related to the State Capital Participation (PMN) for the 2025 fiscal year, tonight.

Deputy Chairman of Commission VI of the DPR as the chairman of the Sarmuji meeting appreciated PMN for the last five years which was previously financed by foreign debt, now comes from dividends or profits given by SOEs to the state.

"In the past, PMN had mostly or maybe most of the money was even financed by foreign debt, at this time PMN was proposed by taking dividends from SOEs," said Sarmuji in a working meeting with the Minister of SOEs, at the Parliament Complex, Jakarta, Wednesday, July 10.

Sarmuji also said that the PMN given by the state is currently much smaller than the dividend deposit given by SOEs for the state. T

dividend capital from 2020 to 2024 is around IDR 280 trillion, while the distribution of cash PMN from 2020 to 2024 is IDR 218 trillion.

"At this time, PMN is proposed by taking dividends from BUMN, which, if calculated, is still a surplus between dividends that are included in state finances and PMN allocated for BUMN-BUMN," he said.

Meanwhile, SOE Minister Erick Thohir said that the PMN of SOEs for the past five years was very dependent on the state's debt, now it can be financed from dividend achievements.

"So far, PMN has been very dependent on the state's debt to foreign countries, but today we can be sure that together this becomes a sustainability or sustainability when dividends can finance rather than for PMN itself," he explained.

Erick said that around 90 percent of PMN received by SOEs was intended for government assignments, such as village electricity programs, construction of the Trans Sumatra Toll Road, infrastructure development and connectivity such as LRT, toll roads, and ports.

"Approximately 90 percent of this PMN as always conveyed and emphasized is indeed an assignment, which is none other than 7 percent such as restructuring, 4 percent business development and this is of course how to be monitored continuously," he explained.

All PMN needed for 2025 is IDR 44 trillion. The PMN is for 16 SOEs, namely HK, Asabri, IFG, PLN, Pelni, Biofarma, Adhi Karya, Wijaya Karya, Len Industri, Danareksa, KAI, ID FOOD, PTPP, Perum Damri, Perumnas, and INKA.

"And we also hope that the things that can be conveyed by PMN can be right on target and provide more benefits for economic growth or for things called policies that maintain rather than growth that can occur at this time as a whole," he explained.