Not Dividends, BUMN's Largest Deposit To The State Treasury Turns From Here

Illustration (Photo: Doc. Antara)

JAKARTA - The Head of the Fiscal Policy Agency (BKF) of the Ministry of Finance (Kemenkeu) said that the existence of BUMN is an important part in supporting state finances.

According to him, the largest BUMN contribution to the state budget in 2021 will come from taxes with a percentage of 68 percent. While the remaining 24 percent is the result of PNBP and 8 percent of dividends deposited into the state treasury.

“Contributions from taxes are in the form of PPh, VAT, customs, other taxes, and local government levies. Meanwhile, PNBP contributions consist of royalties, oil and gas fees, port service fees and others," he said while attending a working meeting with Commission XI of the DPR today at the Senayan Parliament Complex, Jakarta, Monday, June 13.

Febrio explained that in 2021 the value of SOEs' deposits to the state treasury amounted to Rp362 trillion, consisting of dividends of Rp29.5 trillion, taxes of Rp246 trillion, and the rest is other taxes.

Meanwhile, this year, the contribution of SOEs to the APBN is expected to increase to Rp. 371 trillion, with details of dividends to Rp. 39.7 trillion, taxes of Rp. 244 trillion, and the rest is other taxes.

"This projection cannot be separated from the state-owned banking sector, which must make reserves in the midst of uncertainty," he said.

In the previous editorial report, SOE Minister Erick Thohir set a dividend target of IDR 43 to IDR 45 trillion from state-owned companies in 2023.