Coordinating Minister for Economic Affairs Airlangga Hartarto said that several state asset and dividend management functions are now coordinated through Danantara, which also carries an investment mandate.
"This is what needs to be explained," he said on Saturday.
The step follows a recent Moody's report that underscored the importance of policy clarity, effective public communication, and strong coordination among ministries and agencies amid ongoing changes in economic governance.
Airlangga said Moody's had sought clarification on Indonesia's fiscal policy direction after the establishment of Danantara, particularly to ensure continued clarity and consistency in fiscal management.
Under the revised framework, dividends that were previously recorded as non-tax state revenue are now managed through Danantara, he added. As a sovereign wealth fund, Danantara also plays an investment role within the government's broader economic strategy.
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Those points needed to be communicated to Moody's, Airlangga said.
He noted that this year's state budget reflects adjustments in composition, particularly in relation to investment management, while emphasizing that the government's fiscal discipline remains unchanged.
From a macroeconomic perspective, Hartarto reaffirmed that the government remains committed to maintaining the budget deficit at no more than 3 percent of gross domestic product and keeping the debt-to-GDP ratio below 40 percent.
Moody's has maintained Indonesia's sovereign credit rating at Baa2, one notch above the investment-grade threshold, while revising the outlook from stable to negative.
In its report, Moody's highlighted the importance of maintaining clear policy direction, effective communication, and strong inter-agency coordination as Indonesia continues to implement changes in economic policy and governance.
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Translator: Putu, Kenzu
Editor: Anton Santoso
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