Government to Distribute PMN Rp11.46 Trillion to Four SOEs

Illustration. (Photo: Dok. Antara)

JAKARTA - The government plans to channel State Capital Participation (PMN) to a number of State-Owned Enterprises (BUMN) with a total value of IDR 11.46 trillion, which is targeted to be fully disbursed by December 2025.

Deputy Minister of Finance Suahasil Nazara explained that this PMN will be given to four strategic SOEs, namely PT Kereta Api Indonesia (KAI) receiving Rp1.8 trillion, PT Industri Kereta Api (INKA) of Rp473 billion, PT Pelayaran Nasional Indonesia (Pelni) worth Rp2.5 trillion, and PT Sarana Multigriya Finansial (SMF) of Rp6.68 trillion.

"For this reason, a working meeting between the Minister of Finance and Commission XI of the DPR was held on December 8, which agreed on the PMN for state-owned enterprise needs," said Suahasil in the APBN Kita press conference, quoted on Friday, December 19.

Furthermore, Suahasil explained that the PMN allocation for PT KAI is intended to strengthen national railway services, while the PMN for INKA will be used to increase the production capacity of domestic railway facilities.

He added that the PMN for Pelni was a continuation of the previous capital participation, which was intended to support the operation and assignment of national maritime transport services.

Meanwhile, Suahasil said the largest PMN was given to PT SMF worth Rp6.68 trillion, to support the Housing Financing Liquidity Facility (FLPP) program in providing subsidized houses for low-income people.

"Hopefully with this DPR approval we can finish it. And this PMN we finish, we pay in December this year," he said.