What is the Contribution of State-Owned Enterprises (SOEs) to Indonesia?

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16/03/2017 14:05 WIB

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In 2016, the Ministry of Finance estimated tax revenue from state-owned enterprises (SOEs) to reach Rp 172 trillion.

State-Owned Enterprises (SOEs) Taxes and Dividends

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State-Owned Enterprises (SOEs) Taxes and Dividends

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In 2016, the Ministry of Finance estimated tax revenue from State-Owned Enterprises (SOEs) to reach Rp 172 trillion, an increase from Rp 165 trillion in the previous year. However, dividend income from SOEs was projected to decrease to Rp 34 trillion from Rp 37 trillion the previous year. Since 2012, tax revenue and dividend payments from these state-owned enterprises have tended to stagnate and have not increased significantly; in fact, they even decreased in 2015 compared to the previous year.

Currently, the replacement of directors in a number of SOEs is underway. This includes internal rotations and transfers of officials between SOEs. Following the selection of new directors and commissioners, it is hoped that public confidence in SOEs as one of the pillars of Indonesia's economic growth will increase.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."