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Meeting on state capital injection held behind closed doors
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The House of Representatives budgetary committee holds a meeting on June 13 in Jakarta, approving the budget cut proposed by three coordinating ministry offices. (thejakartapost.com/Sepsha Dewi R.)
T
he state capital injection (PMN) allocation, set to reach Rp 53.98 trillion (US$4 billion) in the revised 2016 state budget, seems to be a top secret as the House of Representatives holds a closed meeting to discuss the matter.
Finance Minister Bambang Brodjonegoro attended the meeting, held at House of Representatives Commission VI overseeing trade and industry, substituting State-Owned Enterprises Minister Rini Soemarno. This is the third time he has attended a meeting instead of Rini.
The House's special inquiry committee recently demanded Rini to be removed from her position on account of her alleged mismanagement in the state-owned seaport operator Pelindo II.
"The meeting is to discuss a report from the PMN working unit, to gather final opinions from each faction and to make a decision on PMN," House Commission VI chairman Teguh Juwarno told thejakartapost.com on Thursday.
In the initial 2016 state budget, the PMN allocation was only Rp 40.4 trillion, for 24 state-owned firms. However, the disbursement has been long delayed due to political conflict between lawmakers and the government since 2015.
In the meeting on Monday, Bambang explained the PMN rose due to additional capital injection to state-owned power firm PLN worth Rp 13.56 trillion. PLN received additional injection after launching an asset revaluation that led to dozens trillion of value-added tax. (ags)
