Jakarta - President Prabowo Subianto has ensured that the government will streamline the number of State-Owned Enterprises (BUMN) on a large scale. From the more than 1,000 companies that exist today, the government targets only around 250 SOEs to be maintained.
Prabowo conveyed the policy when closing the National Sarasehan of the 2026 Science, Technology, and Industry Convention at the JICC, Senayan, Jakarta, Sunday, June 28.
According to Prabowo, more than 200 SOEs have been closed and the consolidation process will continue until the number is left around 250 companies.
"From more than 1,000 SOEs, now we have closed more than 200. Later we will only have around 250," said Prabowo.
He assessed that the many SOEs so far have actually burdened the state's finances because the cost of bureaucracy is much greater than the benefits generated.
"Imagine, more than 750 we closed. There are hundreds of chief directors, thousands of directors and commissioners. What is the overhead, what is the salary. This is all people's money," he said.
Prabowo said the government was cleaning up and reorganizing SOEs to become healthy, efficient, and transparent companies.
He admitted that until now many SOEs had not generated profits. Therefore, improvements were carried out before the companies were given a greater role in supporting development.
"Now there is profit. We are cleaning it up, we are organizing it," he said.
Prabowo targets the entire restructuring process to be completed this year so that in two years the government will have a leaner SOEs and work more effectively for the community.
"BUMN must be more efficient, more transparent, and really work for the people," he said.
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