ID :
16317
Tue, 08/19/2008 - 00:58
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Shortlink :
https://www.oananews.org//node/16317
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STATE FIRMS' DIVIDENDS FOR STATE BUDGET SET AT RP35 TRILLION
Jakarta, Aug 18 (ANTARA) - The government is optimistic that state enterprises (BUMNs) will contribute dividends worth Rp35 trillion (taken from accounting year 2008) to the 2009 state budget, a spokesman said.
"We are optimistic that the Rp35 trillion dividends target will be achieved in line with the positive results of the restructuring of a number of BUMNs," Said Didu, secretary of the minister of state enterprises, said here on Monday.
He said that the Rp35 trillion dividends target in 2009 was higher than the target set for 2008 which was Rp31 trillion.
Didu said that in 2008 the government projected a total BUMN profit of Rp81.2 trillion, or an increase by Rp17.2 trillion (13.4 percent) from that a year earlier.
"There is no problem if dividend payments are higher. In the first semester of 2008, BUMNs recorded an average 20 percent increase profit, higher than the previous 13 percent target," Didu said.
He said that the biggest dividend contribution would be obtained from BUMNs in the energy sector such as mining, oil and gas which were projected to contribute up to 53 percent of the total BUMN dividends. The banking sector was expected to pay about 12.9 percent dividends.
In an effort to increase the performance of state-owned companies, Didu said that the government was planning a strategy of 50 percent - 60 percent dividend payment ratio.
However, the government in applying the strategy would not sacrifice BUMN's development programs. "We have asked them one-by-one about their cash flow. Basically, the strategy should not disturb their cash flow," he said.
He said that there was exception for state companies which booked a profit but had accumulative losses in the previous year. The same treatment would also be given to state companies which booked a profit but faced a cash flow problem.
"We are optimistic that the Rp35 trillion dividends target will be achieved in line with the positive results of the restructuring of a number of BUMNs," Said Didu, secretary of the minister of state enterprises, said here on Monday.
He said that the Rp35 trillion dividends target in 2009 was higher than the target set for 2008 which was Rp31 trillion.
Didu said that in 2008 the government projected a total BUMN profit of Rp81.2 trillion, or an increase by Rp17.2 trillion (13.4 percent) from that a year earlier.
"There is no problem if dividend payments are higher. In the first semester of 2008, BUMNs recorded an average 20 percent increase profit, higher than the previous 13 percent target," Didu said.
He said that the biggest dividend contribution would be obtained from BUMNs in the energy sector such as mining, oil and gas which were projected to contribute up to 53 percent of the total BUMN dividends. The banking sector was expected to pay about 12.9 percent dividends.
In an effort to increase the performance of state-owned companies, Didu said that the government was planning a strategy of 50 percent - 60 percent dividend payment ratio.
However, the government in applying the strategy would not sacrifice BUMN's development programs. "We have asked them one-by-one about their cash flow. Basically, the strategy should not disturb their cash flow," he said.
He said that there was exception for state companies which booked a profit but had accumulative losses in the previous year. The same treatment would also be given to state companies which booked a profit but faced a cash flow problem.
