25 SOEs Will Give Dividends To The State, Erick Thohir: Why So Many But All Are Sick

SOE Minister Erick Thohir (Photo: Doc. Antara)

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir said the transformation by reducing the number of SOEs actually made many SOEs healthy. That way, many companies can provide dividends to the state.

Furthermore, Erick estimates, there are 25 state companies that can provide dividends to the state.

The forecast is for this to happen in the next few years.

"If we have 30 with 25 dividends (SOEs), we can benchmark with global players. Now, we are trying to maintain this," said Erick at the Road to G20 Forum with Himpuni, Tuesday, October 25.

Erick said the downsizing of SOEs was the main focus of shareholders.

This is because the number of companies that have mushroomed is not proportional to the contribution made.

Therefore, said Erick, at the end of this year his party will make a blueprint for BUMN 2024-2034.

Erick said, before leading the Ministry of SOEs, there were 108 state companies that were still operating.

However, of this amount, only 11 companies contributed to shareholders.

In the era of Erick's leadership, the number of state-owned companies was consolidated to 41 companies.

"Why do we have 100 (BUMN), but all the patients, it's better to have 41 (BUMN) with 20 dividends, in the past 108 BUMNs with 11 dividends, if we have 30 with 25 dividends," he said.

In the blueprint of the Ministry of SOEs, from 800 SOEs it was reduced to 108. Then, it was consolidated into 41 companies.

In fact, Erick targets that by the end of 2024 BUMN can be reduced to only 30 companies.

"The work is not finished, we have to do 30 companies. So how do we make the map with all the arguments," he said.