The Realization Of The PEN Program For MSMEs And Corporations Is Still Far From The Target, This Is The Explanation Of Coordinating Minister Airlangga

Coordinating Minister for the Economy, Airlangga Hartarto. (Photo: Doc. Coordinating Ministry for the Economy)

JAKARTA - The realization of the National Economic Recovery program (PEN) to support micro, small and medium enterprises or MSMEs and corporations is still far from the target. Coordinating Minister for the Economy Airlangga Hartarto explained that the low realization was due to problems with reimbursements and regulations.

As for the realization for the MSME and cooperative support program until October 22, it was recorded that 38.9 percent or around IDR 63.20 trillion had been distributed from the total ceiling of IDR 162.40 trillion.

"Of the various programs that are still 40 percent, the KUR interest subsidy has only been realized at 40 percent. But if we look at this, we are still waiting for the realization of reimbursement. Meanwhile, the KUR has been implemented. process", he said in a virtual press conference, Tuesday, October 26.

In addition, said Airlangga, the realization of which is still far from the target is State Capital Participation (PMN) for six SOEs. According to him, this is because there are problems with having to wait for the regulations first.

Furthermore, Airlangga said that if the Government Regulation had been issued, the funds could be absorbed immediately.

The chairman of the Committee for Handling COVID-19 and National Economic Recovery (KPC-PEN) said he was optimistic that the IDR 63 trillion funds for the six state-owned companies would be absorbed in a relatively short time when the PP was issued.

"Usually we just have to wait for the regulation, so that if the PP is issued, it will be absorbed immediately", he said.

For your information, the six state-owned companies that received PMN were the first, PT Hutama Karya, amounting to IDR 6.2 trillion. The funds are intended as a continuation of the construction of the Trans Sumatra Toll Road (JTTS) for 3 toll segments, namely Kuala Tanjung-Parapat, Lubuk Linggau Bengkulu, and Sigli-Banda Aceh.

Second, PT PAL Indonesia (Persero) received PMN worth IDR 1.28 trillion. The funding is for assignments in terms of technology for building, maintaining, and repairing submarines.

Third, PT Perusahaan Listrik Negara (Persero) has received a PMN of IDR 5 trillion. The funds will be used for the construction of transmission, substations, and distribution of electricity to enter the village.

Fourth, PT Sarana Multigriya Finansial (Persero) to support the provision of long-term low-cost funds to mortgage lenders for Housing Financing Liquidity Facility (FLPP) with a funding portion of 25 percent to obtain PMN of IDR 2.25 trillion.

Fifth, PT Pelindo III (Persero) amounting to IDR 1.2 trillion as funding for the development of Benoa Port to support the Bali Maritime Tourism Hub program.

Finally, PT Kawasan Industri Wijayakusuma (Persero) has received PMN of IDR 970 billion. The funds will be used to support the development of the Batang Integrated Industrial Estate (KIT).