State-Owned Enterprise Contribution to the State Reaches Rp700 Trillion Annually

The contribution of state-owned enterprises (SOEs) to the state is substantial. Head of the SOE Agency and Chief Operating Officer of the Daya Anagata Nusantara Investment Authority (BPI Danantara), Dony Oskaria, revealed that SOE contributions to state revenue, excluding profits and taxes, amount to roughly Rp600-700 trillion each year. “The contribution of SOEs to state revenue, outside of profit and tax, is almost around Rp600-700 trillion annually. So our SOEs are large,” he stated, citing the Government Communication Agency on Friday (12/6/2026).

Dony explained that SOEs generate hundreds of trillions of rupiah in profit, and this figure could potentially increase if the restructuring and efficiency drives for state-owned companies continue. “If we close the loss-making ones, our profit becomes Rp355 trillion. So we can tell the public, we are not at a loss. Definitely not. But the profit is not yet maximised,” he said.

Dony added that President Prabowo Subianto hopes Danantara can become an instrument to strengthen the economic capacity and value of SOEs, enabling them to contribute even more significantly to national development. “That is why the President hopes that with Danantara, this contribution will become much larger,” he stated.

However, Dony admitted that achieving a higher contribution target, including moving towards Rp800 trillion per year, presents significant challenges. Nonetheless, he is optimistic the target can be reached through a comprehensive transformation within the SOE environment. Dony outlined several strategic steps currently underway, including corporate consolidation, reducing the number of business entities, and building a new, more focused roadmap. “We are reducing the number of our companies first. We are consolidating within our companies. We are building a new roadmap. We are building the competitive advantage of our companies,” he explained.

In addition to strengthening business structures, Danantara is also paying close attention to human resource development. He believes improving talent quality is a key factor for SOEs to compete at a global level. “We are developing human capital. This includes standardising the qualifications for individuals who become SOE directors,” he revealed. He stressed that all prospective SOE directors must meet established competency standards through a more rigorous selection process. “We have determined that they must pass a Basic Competency Assessment,” he asserted.

Dony added that the current SOE transformation is the most fundamental effort ever undertaken by the government to strengthen governance, improve efficiency, and enlarge the contribution of state-owned companies to national development. “I am very optimistic that we can do this. And with full confidence, we will make our SOEs better. There is no other choice,” he said. He emphasised that the main goal of this transformation is to leave a strong foundation for future generations and ensure SOEs become the engine of Indonesia’s economic growth towards becoming a developed nation. “I really want to leave our SOEs in a good state. It doesn’t have to be me who is remembered. But at the very least, Danantara succeeds in realising the dreams and hopes of many Indonesian people,” he concluded.