State Capital Participation Reached Rp2.65 Quadrillion by December 2021

The Indonesian government annually allocates trillions of rupiah to State-Owned Enterprises (SOEs), Persero, and other institutions to support capital (investment).

The value of permanent investment in Government Capital Participation (PMP) or State Capital Participation (PMN) reached Rp2.65 quadrillion by December 2021. This figure increased by Rp244.07 trillion (10.16%) in the last year.

The largest permanent PMP investment in Persero reached Rp2.47 quadrillion by the end of last year. The following is a breakdown of permanent PMP investment as of December 2021:

Total: Rp2,647.35 trillion

1. Persero: Rp2,469.32 trillion
2. Other State-Owned Enterprises: Rp119.09 trillion
3. Perum (Publicly Owned Enterprises): Rp31.19 trillion
4. International Financial Institutions: Rp27.76 trillion

The following is a breakdown of PMP as of December 2021:

1. PMP in Persero (Rp2,469.32 trillion) is divided into two parts:

* Under the Ministry of SOEs: Rp2.39 quadrillion
* Under the Ministry of Finance: Rp70.45 trillion

2. PMP in other state-owned enterprises (Rp119.09 trillion):

* LPEI, PT Tuban Petrochemical Industries, Investment Management Institution: Rp111.18 trillion
* State Sharia Securities Issuer: Rp0.6 billion
* In Minority Companies (domestic): Rp2.45 trillion
* In Minority Companies (foreign): Rp1.77 trillion
* Initial Capital of BP Tapera Ditjen Pembiayaan: Rp2.69 trillion
* Land Bank: Rp1.00 trillion

3. PMP in Perum (Rp31.19 trillion):

* Government ownership in SOEs oriented towards providing public services

4. PMP in International Financial Institutions (IFIs) (Rp27.76 trillion):

* Increased investment in 5 IFIs, namely IBRD, IFC, DIB, IFAD, and CGIF