“With improved SOE performance, the dividends distributed by SOEs to the state via Danantara will become revenue for the government,” he explained in a statement received here on Thursday.
“So, we are not burdening the state budget. However, we believe this will contribute additional value to the nation,” he added.
Thohir said that the proposed budget allocation is aimed at supporting the ministry’s strategic work programs and monitoring of government-assigned tasks.
The Ministry of SOEs and sovereign wealth agency Danantara are committed to enhancing the overall performance of state-owned enterprises.
Thohir also stressed the importance of advancing good corporate governance and efficiency to boost the performance of SOEs.
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According to the minister, this would ensure the operational performance of Danantara going forward.
In addition to lending support to Danantara, the ministry, as a regulator, will also be involved in negotiating with other government agencies on various assignments, such as programs for rural development.
He then referred to the SOEs Ministry’s successful collaboration with the Ministry of Finance in several government-assigned duties, including bringing the subsidy disbursal time frame from two years to six months.
Furthermore, he emphasized the ministry’s responsibility of supervising government programs. He noted that Danantara’s presence is expected to continuously deliver value.
“There are some government duties (for the SOEs Ministry. They) include write-offs and debt cancellations. Danantara is also preparing for a restructuring plan, and we will be there to assist the process,” Thohir said.
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Translator: Maria, Kenzu
Editor: Rahmad Nasution
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