INILAH.COM, Jakarta – The government has allocated Rp6 trillion for state capital participation (PMN) in state-owned enterprises (BUMN) for 2012. This figure is Rp3.4 trillion lower than in the 2011 state budget.
According to the 2012 state budget (RAPBN), out of the total funds, PT Askrindo and Perum Jamkrindo will receive the largest PMN allocation for BUMN, totaling Rp2 trillion.
Minister of Finance Agus Martowardojo explained that the funds are intended to enhance business capacity and strengthen the capital structure of PT Askrindo and Perum Jamkrindo in order to support the implementation of the People's Business Credit (KUR) guarantee program.
The next largest PMN allocation for a BUMN goes to PT Dirgantara Indonesia (PTDI), which will receive Rp1 trillion. Agus Marto stated that PTDI is one of the strategic state-owned enterprises operating in the aircraft industry, armaments systems, as well as in engineering services and maintenance.
"Providing PMN to PT Dirgantara Indonesia is part of the government's efforts to revitalize PT DI, following the Rp1.6 trillion PMN provided in 2011, which was used to convert HPA and SLA debts in order to improve the company's finances and bookkeeping," he said during a work meeting with Commission XI at the DPR RI Building in Jakarta on Wednesday (14/9).
Next is PT Penjaminan Infrastruktur Indonesia (PII), which will receive Rp1 trillion in 2012. These funds are intended to gradually meet the company's basic capital requirements. According to PT PII’s articles of association, the company's authorized capital is set at Rp4 trillion.
"PT PII received PMN of Rp1 trillion each in 2009 and 2010, and Rp1.5 trillion in the 2011 state budget," he added.
The government has also allocated PMN for strategic state-owned enterprises that require additional funds to support their restructuring and revitalization efforts, amounting to Rp2 trillion.
"The process for submitting PMN proposals by strategic state-owned enterprises follows the prevailing laws and standard operating procedures, in order to maintain good, transparent, and accountable governance," he stressed.
(Source: inilah.com)