Danantara dividends not factored into state budget, Suahasil says
Danantara would retain its SOE dividends and use them to invest for projects and as “leverage” to attract private capital rather than simply transferred to the state budget, the Finance Ministry noted.
Finance Minister Suahasil Nazara clarified that dividends from state-owned enterprises (SOEs) held by the asset fund Danantara are not included in the state's current or next fiscal budgets. This stance diverges from previous plans by his predecessor, Purbaya Yudhi Sadewa, who aimed to channel Rp 120 trillion (US$6.7 billion) into government coffers.
Suahasil emphasized that Danantara would retain these SOE dividends and utilize them for investments in projects and as a means to attract private capital, rather than simply transferring them to the state budget. In an interview with Bloomberg Television, Suahasil highlighted that the state budget should prioritize public services, basic infrastructure, and social protection.
The finance ministry and Danantara previously disagreed over the management of SOE dividends, with Purbaya proposing the remittance of Rp 120 trillion of SOE dividends into the state budget as a fiscal buffer following a cabinet meeting with President Prabowo Subianto. This proposal stemmed from Prabowo's statement in August that SOEs would generate Rp 200 trillion in dividends for the year.
Danantara's CEO, Rosan Roeslani, later denied that the transfer had been discussed, leaving the matter unresolved until Suahasil took office on September 14.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
