House Commission VI Ready to Support Danantara Development Management Fund

Deputy Chairman of House Commission VI Andre Rosiade stated that the commission is prepared 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, and we in Commission VI will support that step because the objective is good. We will certainly support it and we will observe and listen to the official briefing from Danantara on its progress,” Andre said in Jakarta on Friday. According to him, the President’s presentation on the DDMF provided a positive perception. “In principle, the presentation delivered by the President regarding the DDMF gives a positive perception of how the government is preparing alternative budgets to finance long-term investments that cannot be funded by commercial investment,” he said. President Prabowo Subianto introduced the Danantara Development Management Fund as an instrument prepared to finance long-term strategic projects vital for Indonesia. He stated that 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 national capacity for decades to come,” President Prabowo said during the Government’s Introductory Statement on the 2027 State Budget Bill and its Financial Note at the MPR Building in Jakarta on Friday. He explained that the DDMF plays a role in preparing, developing, and financing long-term strategic projects that cannot yet be financed through short-term commercial investment. Consequently, these projects are also expected not to depend on financing from the State Budget. President Prabowo also emphasised that Indonesia’s sovereign wealth fund, through the DDMF, will be invested in a disciplined and professional manner to support various national strategic projects. As an example, President Prabowo cited the plan to develop a national car, with the government targeting mass production 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 operate, involving private companies and state-owned enterprises.