Government has lowered the dividend targets of State-owned Enterprises (SoEs) from Rp65 trillion to Rp26.13 trillion in 2021 or down 40.34% of this year’ targets. In the draft of 2021 State Budget, the country also plans to inject new capital to the eight state companies amounting to Rp37.4 trillion.
Based on the draft, the eight SOEs that received the fresh investment are PT Sarana Multigriya Finansial Rp2.3 trillion, PT Hutama Karya Rp6.2 trillion, PT Perusahaan Listrik Negara Rp5 trillion, PT Bahana Pembagunan Usaha Indonesia Rp20 trillion, PT PAL Indonesia Rp1.3 trillion, PT Pelabuhan Indonesia III Rp1.2 trillion, PT Kawasan Industri Wijayakusuma Rp1 trillion, and PT Indonesia Tourism Development worth of Rp500 billion.
The companies will carry out various programs such as the infrastructure development, tourism, electricity, insurance, port, and industrial estate. According to finance minister, Sri Mulyani Indrawati on August 14, the target took into account the impact of COVID-19 on the SOEs performances.
