"This government investment has mainly accelerated since 2015, when the Nawacita program asked many state-owned enterprises to conduct various development activities, especially in the infrastructure sector," she said during a meeting with Commission XI of the House of Representatives here on Wednesday.
She revealed that the government gave Rp361.3 trillion or 51.8 percent of the total investment to BUMN and Rp334.3 trillion or 48.13 percent to BLU.
For more than 15 years, state-owned enterprises' investment was allocated for three purposes, she said. A total of Rp3 trillion was provided for the establishment of the enterprises, which comprised financing and guaranteeing infrastructure (Rp2 trillion) and housing financing (up to Rp 1 trillion), she elaborated.
The second purpose for which investment was provided to state-owned enterprises was restructuring, Indrawati said.
A total of Rp12.7 trillion was invested in state-owned companies that had experienced difficulties, such as PT Dirgantara Indonesia, which received Rp3.99 trillion; PT Geo Dipa Energi, which received Rp440 billion; PT Garuda Indonesia, Rp1 trillion; and PT. Pupuk Iskandar Muda Rp1.34 trillion, she informed.
"In the future, I will request the Directorate General of State Assets to evaluate this restructuring," she said.
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The third purpose was to improve the performance of state-owned enterprises, the minister said. As much as Rp 345.6 trillion was invested for the purpose and covered export (Rp23.7 trillion), microcredit (Rp24.01 trillion), food sovereignty (Rp11.45 trillion), and infrastructure and connectivity development (Rp184.17 trillion), she added.
It also included Rp56.31 trillion allocated for energy independence, Rp12.3 trillion for housing financing, Rp15.73 trillion to increase strategic industries, and Rp12.83 trillion to improve social security (BPJS), she said.
She also detailed the purpose behind investing in public service agencies: Rp1.5 trillion was spent on optimizing state assets, Rp81.11 trillion on developing human resources, Rp6.3 trillion on strengthening international cooperation, and Rp245.4 trillion on financing support.
Financing support for public service agencies financing was provided in the form of housing financing (Rp66.7 trillion), infrastructure and connectivity development (Rp137.1 trillion), energy independence (Rp10.63 trillion), and the provision of microcredit (Rp30.96 trillion).
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Translator: Agatha O V, Mecca Yumna
Editor: Suharto
Copyright © ANTARA 2021
