Jakarta (ANTARA News) - The Indonesian State Audit Board (BPK) has praised the government for revaluating state assets in the past three years.

"On behalf of the BPK, I warmly welcome the government`s step to calculate state assets as part of the efforts to implement Presidential Regulation No. 75 of 2017 on the revaluation of state- and regional government-owned assets. The presidential regulation is a follow up to a meeting with the finance minister calling for the government to revaluate the state assets, some of which are used as underlying assets in the issuance of state sharia-compliant bonds," BPK Deputy Chief Bahrullah Akbar remarked here on Monday.

The revaluation of state assets holds significance to create accountable evaluation of state assets in accordance with their fair value, he noted.

The self-revaluation of state assets audited by the BPK will have a significant impact on the central government`s financial statement in future, he stated.

"We have given support to the finance minister. The BPK has conveyed the revaluation of state assets to be implemented in accordance with the exiting national rules and accounting principles," he added.

The revaluation of state assets conducted by the government during the 2017-2018 period showed that the value of state assets rose to Rp5,728.49 trillion as compared to a decade ago. The value of state assets increased Rp4,190.31 trillion as compared to Rp1,538.18 trillion earlier.

Reporting by Citro Atmoko
Editing by Suharto

Reporter: Antara
Editor: Andi Abdussalam
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