Until July 2024, SOEs Deposit IDR 68.3 Trillion Dividend To The State

Minister of Finance Sri Mulyani (Photo: Antara)

JAKARTA - The Ministry of Finance (Kemenkeu) reports that State-Owned Enterprises (BUMN) have deposited dividends into the state treasury amounting to IDR 68.3 trillion until July 2024.

Minister of Finance Sri Mulyani Indrawati conveyed that dividend payments from SOEs to the state treasury reached Rp68.3 trillion or around 79.6 percent of the 2024 State Budget target.

Meanwhile, this achievement increased by 13.4 percent compared to July 2023 which was only IDR 60.2 trillion.

Sri Mulyani said that this dividend deposit mainly came from Banking SOEs which experienced an increase in financial performance.

"This is from SOEs that pay dividends to us to grow 13.4 percent, this non-commercial base is still good, state wealth is separated, especially from several state-owned banks," Sri Mulyani said in a press conference on our State Budget, quoted Wednesday, August 14.

Meanwhile, this increase in dividend deposits indicates that the performance of state-owned companies is still quite good. However, the government did not disclose in detail the number of each deposit.

This SOE dividend deposit is included in the separated state wealth revenue (KND income), which then contributes to non-tax state revenue (PNBP) in the reporting period.

For information, the Ministry of Finance (Kemenkeu) noted that Non-Tax State Revenue (PNBP) was IDR 338 trillion until July 2024 or contracted by 3.3 percent year on year (yoy).

Sri Mulyani conveyed that Non-Tax State Revenue (PNBP) reached Rp338 trillion as of July 2024, or equivalent to 68.7 percent of the target set in the 2024 State Revenue and Expenditure Budget (APBN) of Rp492 trillion.