President Prabowo Revokes State Capital Injections (PMN), Promotes SOE Efficiency and Autonomy
JAKARTA — President Prabowo Subianto has officially revoked the State Capital Injection (PMN) scheme as a form of funding for State-Owned Enterprises (SOEs).
This step is outlined in Government Regulation Number 20 of 2025, which revokes PP Number 34 of 2022. This marks a significant change in the financing policy direction for state-owned companies, moving towards a more independent and professional approach.
Member of Commission VI of the House of Representatives, Sartono Hutomo, expressed his high appreciation for President Prabowo’s firm action.
According to him, the PMN revocation is a strong signal for SOEs to no longer act pampered and constantly rely on the State Budget (APBN). This is because, according to Sartono, SOEs have tended to be continually protected by the state.
“Don’t let these SOEs become pampered, as if the state always protects them,” Sartono said on Thursday (June 19).
He believes that state funds should have been much more focused on various priority sectors and national strategic projects such as education and the health sector.
Sartono emphasized that SOEs need to demonstrate strong managerial capacity and be able to generate dividends and added value for the national economy. With financially healthier SOEs, he hopes this will reduce dependence and help keep the budget deficit under control.
“Financially healthy SOEs can reduce dependence and help keep the budget deficit in check,” he explained.
Meanwhile, Chief Operating Officer (COO) of the Daya Anagata Nusantara Investment Management Agency (BPI Danantara), Dony Oskaria, also spoke out.
He explained that going forward, SOE funding will come from the management of dividends collected through Danantara, and no longer from the APBN.
“Previously, their equity came from the government; now, it’s managed by Danantara from the results of SOE operations,” he said.
Furthermore, CEO of Danantara, Rosan Roeslani, added that this change in the funding scheme will further accelerate sustainable national economic growth in the future.
“Investment is an important component of national economic growth, contributing around 29% after household consumption,” Rosan explained.
Through Danantara, the government is directing SOEs to become modern business entities that are much more efficient, independent, and transparent.
Not only that, but President Prabowo Subianto is also determined to transform SOEs through Danantara into an engine for long-term economic growth. (*)
