State accounts receivable

State accounts receivable

From Bisnis Indonesia

One potential state asset that could create fresh funds is state accounts receivable resulting from bad debts at state banks. But these accounts would have to be converted into liquid assets first.

If the accounts receivable now handled by the Directorate General of State Receivable and Auction (DPLN) and the State Receivable Management Committee (PUPN) could be converted into liquid assets without bureaucratic obstacles, they would contribute to state revenue.

It would be necessary, therefore, to review the procedure for the conversion of the state accounts receivable into liquid assets and make a breakthrough by omitting regulations that have become impediments.

Final decisions could be entrusted to DPLN, and if necessary, PUPN could be dissolved to end the overlapping of authority with State Receivable Management Agency (BUPN). Private auction centers could be given the opportunity to participate in handling state accounts receivable.

DPLN could make an inventory of all state accounts receivable and collateral that remains salable through auction. Those no longer salable should be eliminated. For that purpose, cooperation with private auction centers would be needed as they have better networks and marketing capability.

DJOHAN SURYANA

Jakarta