SOE Minister Targets Red Plate Company Dividend Depository To Reach IDR 80.2 Trillion In 2024

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir targets dividend payments for state-owned companies to reach Rp80.2 trillion in 2024.

He said that this number did not change from the dividends paid this year.

"We are brave enough to keep the dividend at IDR 80.2 trillion," he said in a meeting with Commission VI of the DPR, Monday, June 5.

Furthermore, Erick explained, the stagnant dividend target is due to the estimated decline in commodity prices and the current volatile world economic conditions.

Even so, Erick said he was optimistic that he could provide dividend deposits to countries amid the weakening of the global economy that occurred in several countries, along with geopolitical conflicts that also affected the supply chain.

"I can't promise more because of the effects of reducing commodities. But from the data presented at the beginning, the conditions are still optimistic, we are still taking care of it," he explained.

Previously, it was reported that the Ministry of SOEs deposited dividends to the state of up to Rp80.2 trillion this year. This number is the largest in history.

In fact, he continued, Erick, this achievement exceeded the initial target set, which was IDR 50 trillion.

According to Erick, the dividend value reflects the contribution of SOEs to the state.

"So that the state does not only receive income from taxes but also from good business results," said Erick.