House Of Representatives Commission VI Approves BUMN PEN Fund Of Rp.151 Trillion

DPR / MPR RI Building (Photo: VOI)

JAKARTA - Commission VI of the DPR has approved the government for disbursing funds worth Rp.151.10 trillion which will then be submitted to the DPR Budget Agency (Banggar). This fund will be used in the context of national economic recovery (PEN) for State-Owned Enterprises (BUMN) which will be provided in three schemes.

The schemes include State Capital Participation (PMN) amounting to Rp 23.65 trillion, debt disbursement of Rp 115.95 trillion, and loan funds amounting to Rp 11.5 trillion.

This was conveyed by Deputy Chairman of Commission VI DPR Aria Bima in the Working Meeting of Commission VI DPR RI with the Minister of BUMN Erick Thohir.

"We hope that this condition can be utilized properly by BUMN, including being able to maintain and maintain infrastructure, as well as maintain company conduciveness. Do not let any problems occur, because the situation for handling Covid really requires various corporate instruments in the BUMN environment, "said Aria as quoted from dpr.go.id, Friday, July 17.

Regarding the PMN scheme, Commission VI emphasized that BUMN that got approval prioritized domestic products. Especially in the procurement of goods and services, not using foreign services or goods.

"The use of State Equity Participation which requires the procurement of goods and services is to prioritize domestic products and service providers," explained the PDI-Perjuangan politician.

Meanwhile, BUMNs that have received PMN approval include PT. Hutama Karya (Persero) amounting to Rp 7.5 trillion with the aim of financing the Trans Sumatra toll road. PT. The National Madani capital of Rp. 1.5 trillion in order to maintain the sustainability of the Mekaar program, especially for poor women groups. Then PT. Indonesia Tourism Development (Persero) amounting to IDR 500 billion for infrastructure development in the Mandalika Special Economic Zone (KEK).

Furthermore, PT. Bahana Pembimbing Usaha Indonesia (Persero) amounting to IDR 6 trillion to increase the capacity of the People's Business Credit (KUR) guarantee through strengthening capital at PT Askrindo (UMKM and KUR) and PT Jamkrindo. PT. Perkebunan Nusantara III (Persero) amounting to Rp. 4 trillion which will be used for delayed investment due to limited funds as well as additional investment and working capital in increasing the company's production and profitability, as well as paying more attention to the revitalization of national sugar factories on farm and off farm.

The National Housing Development Corporation received a budget of Rp. 650 billion to assist company liquidity and maintain the company's business continuity. Finally, the name of PT. Kereta Api Indonesia (Persero) which received Rp 3.5 trillion which will be used to fund operational costs.

Meanwhile, there were 9 names of state-owned enterprises that received approval from Commission VI of the Indonesian Parliament, including PT. Hutama Karya (Persero) amounting to Rp1.88 trillion for the government's shortage of payments for land purchases for toll road projects in 2016-2020, PT. Wijaya Karya (Persero) Tbk. IDR 59.91 billion for the lack of replacement of land acquisition for the Serang-Panimbang toll road project from 2018-2020.

Then PT. Waskita Karya (Persero) Tbk. amounting to Rp 8.94 trillion for the shortage of land acquisition replacement for toll road projects, PT. Jasa Marga (Persero) Tbk amounting to Rp. 5.02 trillion for underpayments of the Government related to land purchases for 2016-2020. PT. Kereta Api Indonesia (Persero) has received a government shortage of payment for public service obligations of Rp. 257 billion.

Then PT. Pupuk Indonesia (Persero) received Rp. 5.76 trillion for the shortage of subsidized fertilizer distribution as assigned by the Indonesian government. Perum Bulog will receive Rp 566 billion in PSO debt payments from the Government. Meanwhile, PT Pertamina (Persero) received Rp. 45 trillion in compensation payments for the difference in retail selling price for certain types of special fuel (JBT) and special types of fuel for assignment (JBKP) Premium in 2017 and part of 2018, excluding the cost of funds.

Finally, PT Perusahaan Listrik Negara (Persero) amounting to IDR 48.46 trillion for tariff compensation in 2018 and 2019 to cover paying the difference between the cost of providing electricity and the rate set by the government. For the record, previously there was a plan to disburse debt to Kimia Farma Tbk amounting to Rp. 1 trillion. However, the Indonesian House of Representatives issued Kimia Farma from the ranks of BUMN that would receive debt disbursement in the PEN program because it was related to BPJS Health's debt for handling Covid-19.

Bailout. In the bailout or loan disbursement scheme, PT. Krakatau Steel (Persero) Tbk. received a loan of IDR 3 trillion which will be used to provide relaxation in the downstream industry and industrial users. There is also PT. Garuda Indonesia loaned Rp. 8.5 trillion to support the performance of companies affected by the Covid-19 pandemic due to a 95 percent reduction in passengers.