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