Until November 10, 2020, the realization of state capital injection reached Rp16.95 trillionJakarta (ANTARA) - The realization of state capital injections (PMN) for several state firms reached Rp16.95 trillion in the year ending November 10, 2020, director general of state wealth at the Finance Ministry, Isa Rachmawarta, said.
“Until November 10, 2020, the realization of state capital injections reached Rp16.95 trillion,” he said at a meeting with Commission XI of the House of Representatives (DPR) here on Monday.
Nearly Rp3.5 trillion of the total state capital injection went to state-owned construction company PT Hutama Karya. The Rp3.5 trillion was the first tranche of the Rp11 trillion in funding the government plans to inject into the company. The remaining 7.5 trillion will be realized in December, 2020, Rachmawarta revealed.
“The realization of (state capital injection) for Hutama Karya will involve two stages. The first is the initial allocation of Rp3.5 trillion in the state budget and the second is the addition of Rp7.5 trillion under the PEN (national economic recovery) program,” he informed.
Meanwhile, state electricity company PT Perusahaan Listrik Negara (PLN) and state micro financing firm PT Permodalan Nasional Madani (PNM) received state capital injection of Rp5 trillion and Rp1 trillion, respectively, he said.
"(The state capital injection) for PNM will also be realized in two stages. Rp1 trillion has been disbursed and the other Rp1.5 trillion is being processed and, Insya Allah (God willing), will be disbursed in December (2020),” he added.
The state also injected Rp1.75 trillion to secondary mortgage market company PT Sarana Multigriya Finansial (SMF) to support housing programs and Rp0.7 trillion to state-owned geothermal energy firm PT Geo Dipa Energi to develop geothermal power plants, Dieng 2 and Patguha.
"SMF received Rp1.75 trillion. It was supposed to get Rp2 trillion, but we corrected (it) to Rp1.75 trillion, which has been disbursed," Rachmawarta said.
The realization of state capital injection to the Indonesia Export Financing Institute (LPEI) reached Rp5 trillion, of which Rp4 trillion was for ordinary business capital and Rp1 trillion for national interest account (NIA) business.
State-owned PT Bahana Pembinaan Usaha Indonesia (BPUI) received a capital injection in two stages. The first stage covered a non-cash contribution, worth Rp268 billion, to convert state receivables to shares as the government's additional capital in the company.
The second stage involved an infusion of Rp6 trillion to support PT Jaminan Kredit Indonesia (Jamkrido) and PT Asuransi Kredit Indoinesia (Askrindo),
Meanwhile, the Indonesian Tourism Development Corporation (ITDC) received a capital injection of Rp500 billion, Rachmawarta said.
Related news: Village funding in 2021 Draft State Budget reaches Rp72 trillion
Related news: Ministry to release additional state capital funding for 2020
Translator: Astrid F/Suharto
Editor: Gusti Nur Cahya Aryani
Copyright © ANTARA 2020
