Firm! Erick Thohir Will Press The Provision Of PMN BUMN Because The State Budget Deficit Is More Than 3 Percent

Minister of SOEs, Erick Thohir. (Photo: Doc. Ministry of SOEs)

JAKARTA - SOE Minister Erick Thohir promised to suppress state capital participation (PMN) of SOEs. This is because the 2021 State Revenue and Expenditure Budget (APBN) has a deficit of more than 3 percent. The deficit exceeds the limit set out in the Law (UU) on State Finance.

Erick Thohir said that his party was trying to prevent state-owned companies from burdening state finances by injecting PMN. Although, according to Erick, PMN has been allocated to SOEs for a number of government-assigned projects.

"We from the Ministry of SOEs are trying hard, we also don't want to continuously burden the government, moreover we know that the current budget deficit has exceeded 3 percent. The burden of the Ministry of Finance, which is always based on tax revenue or providing PMN, needs to be reduced," he said. Erick, in a joint hearing with Commission VI DPR RI, Thursday, December 2.

For your information, the government through the Ministry of Finance (Kemenkeu) has agreed on PMN for Fiscal Year 2021 for 7 SOEs worth IDR 35.135 trillion. Previously, the Ministry of Finance had just agreed on a PMN for PT Hutama Karya (Persero) amounting to Rp. 6.2 trillion.

In detail, the 7 BUMN recipients of PMN are the first, the Indonesia Financial Group (IFG) or PT Bahana Pembinaan Usaha Indonesia (Persero) as the Insurance and Guarantee BUMN Holding, amounting to Rp. 20 trillion. The budget received will be allocated for a restructuring program in the form of increasing business capacity in managing the insurance and loan industries to the restructuring of PT Jiwasraya (Persero).

Second, PT Hutama Karya (Persero) worth IDR 6.208 trillion. The budget is allocated for the assignment of the construction of the Trans Sumatra Toll Road. Third, PT Pelindo in the amount of IDR 1.2 trillion for port construction.

Then, the fourth BUMN that received PMN was PT Indonesia Tourism Development (Persero) or Indonesia Tourism Development Corporation (ITDC) of IDR 470 billion for the assignment of basic infrastructure.

Fifth, PT Wijayakusuma Industrial Estate (Persero)/KIW of Rp. 977 billion, PT PAL Indonesia (Persero) of Rp. 1.28 trillion and PT PLN (Persero) of Rp. 5 trillion. Sixth, PT PAL Indonesia (Persero) amounting to IDR 1.28 trillion and PT PLN (Persero) worth IDR 5 trillion for the construction of submarines.

"Lastly, PLN is IDR 5 trillion for the construction of the transmission of electricity distribution substations entering the village for our people in villages who have not yet received electricity," he said.