House Commission VI Ready to Support Danantara Development Management Fund

Deputy Chairman of House Commission VI Andre Rosiade has said the commission is ready to support the Danantara Development Management Fund (DDMF) introduced by President Prabowo Subianto.

He said the DDMF, as conveyed by the President, is intended to finance long-term projects that remain difficult to fund commercially.

“I think there is no problem with that, and we in Commission VI will support the move because the objective is good. We will certainly support it, and we will observe and listen to official updates from Danantara on how it develops,” Andre said in Jakarta on Friday.

According to him, the President’s presentation on the DDMF created a positive perception.

“In principle, the President’s presentation on the DDMF gives a positive perception of how the government is preparing alternative funding to finance long-term investment that cannot be financed by commercial investment,” he said.

President Prabowo Subianto introduced the Danantara Development Management Fund (DDMF) as an instrument prepared to finance long-term strategic projects that are important for Indonesia.

He said Danantara is Indonesia’s sovereign wealth fund and must become an instrument for building the nation’s capacity over the long term.

“Danantara is our sovereign wealth fund. Danantara must become an instrument for building the nation’s capacity for decades to come,” President Prabowo said during the Government’s Introductory Statement on the Bill on the 2027 State Budget and its Financial Note at the MPR building in Jakarta on Friday.

According to him, the DDMF plays a role in preparing, developing and financing long-term strategic projects that cannot yet be financed through short-term commercial investment.

As a result, such projects are also expected not to depend on financing from the State Budget (APBN).

President Prabowo also stressed that Indonesia’s sovereign wealth fund, through the DDMF, will be invested in a disciplined and professional manner to support various national strategic projects.

One example, the President said, is the plan to develop a national car. The government is targeting mass production of the national car to begin by the end of 2028.

In addition to the national car, the government has also launched a national motorcycle project. Prabowo said the national motorcycle ecosystem is beginning to take shape, involving private companies and state-owned enterprises (SOEs).