Govt expects higher revenue from SOEs

Govt expects higher revenue from SOEs

JAKARTA: The government said on Wednesday dividend revenue from
state-owned enterprises (SOEs) was expected to be higher than
initially projected this year.

In a report to the House of Representatives' State Budget
Commission, the Office of the State Minister for State
Enterprises said SOEs were expected to contribute Rp 10.99
trillion (about US$1.3 billion) to the state coffers this year,
up from the initial target of Rp 10.52 trillion.

The report said SOEs engaged in the financial and construction
sectors would contribute the most to overall revenue (Rp 4.15
trillion), followed by oil and gas company PT Pertamina with Rp
2.38 trillion.

The report also said the mining sector would contribute Rp
2.24 trillion, the agriculture and forestry sector Rp 621 billion
and the logistics and tourism sector Rp 1 trillion.

The dividend revenue will help plug this year's state budget
deficit. -- JP