\u201cThis is perhaps the largest corporate restructuring in the world. By\nstreamlining the number of SOEs, we have saved approximately Rp50\ntrillion in overhead costs to date,\u201d Prabowo said in Jakarta on\nFriday.<\/p>\n
He made the statement during the 2026 Annual Session of the People\u2019s\nConsultative Assembly (MPR RI) and the Joint Session of the House of\nRepresentatives (DPR RI) and the Regional Representatives Council (DPD\nRI).<\/p>\n
\u201cJust from the salaries of directors and commissioners, building\nrentals, car rentals, and official travel, we have already saved more\nthan Rp50 trillion,\u201d Prabowo said.<\/p>\n
The President said the government had successfully closed 290 of the\n1,074 existing SOEs.<\/p>\n
According to Prabowo, the state-owned companies that were closed were\nnot generating profits and were instead incurring losses.<\/p>\n
The President added that the government aims to reduce the number of\nSOEs to a maximum of 300 by the end of 2026.<\/p>\n
Prabowo emphasized that only productive SOEs capable of creating\nadded value for the public would be retained.<\/p>\n
\u201cWe will close more than 750 SOEs. We will retain only those that are\nproductive and create added value for the people,\u201d Prabowo said.<\/p>\n
Through the streamlining, Prabowo said, Indonesia could achieve\nfurther savings in state funds, with total savings expected to reach\nRp70 trillion (US$3.9 billion).<\/p>\n
The savings could be allocated to improving community health centers\n(Puskesmas) across Indonesia, renovating schools, and providing housing\nfor citizens in need, Prabowo said.<\/p>\n
\u201cOur target is that by December 31, 2026, we must save more than Rp70\ntrillion,\u201d Prabowo said.<\/p>\n
\u201cJust imagine what we could do with Rp50 trillion - how many health\ncenters we could improve, how many schools we could renovate, and how\nmany homes we could provide to the people,\u201d he explained.<\/p>\n
On Friday, the MPR RI, DPR RI, and DPD RI held the MPR RI Annual\nSession and the Joint Session of the DPR RI and DPD RI.<\/p>\n
The annual sessions are state events marking the 81st anniversary of\nthe Republic of Indonesia\u2019s independence and were held under the theme\n\u201cA Sovereign, Just, and Prosperous Indonesia.\u201d<\/p>\n
Related news: Govt delivers 121 transformative policies in 21 months:\nPrabowo<\/p>\n
Related news: President outlines four guiding principles of the\ngovernment<\/p>\n
Translator: Maria Cicilia Galuh Prayudhia, Cindy Frishanti Oct<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/indonesia-saves-rp50-trillion-through-soe-restructuring-president-prabowo-announces-1786690216", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }