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Government Of Indonesia Sets Slight Increase For BUMNs Spending - Axis Capital Group Singapore - 1 views

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    Government Of Indonesia Sets Slight Increase For BUMNs Spending Jakarta, Indonesia - The government of Indonesia plans to inject RP 73.08 trillion for 42 state-owned enterprises (BUMNs or Badan Usaha Milik Negara), just above the RP 72.9 trillion budget last year. Governor Basuki "Ahok" Tjahaja Purnama said during a speech that the city administration hoped to perform better in 2015 than it did last budget year, which percentage-wise saw the lowest in spending and revenue. Only 59% of the 2014 allocated budget was spent last year, causing the slight increase. The budget was far from the RP 82 trillion which Ahok had predicted. This was discussed on a business meeting between the government and Commission XI of the House of Representatives in Jakarta on January 28. In the 2015 State Budget (APBN), the capital injection to BUMNs was budgeted at Rp 5.1 trillion for four state-owned companies. In the 2015 RAPBN-P, the allocation has been increased to Rp 72.9 trillion for 42 BUMNs. The objective is to enable business entities, which represent an arm of the government to realize the vision and mission of the president in building infrastructure. However, many construction companies have complaints if these goals are all materialized. For more information, please visit http://snapjudgment.org/axis-capital-group-join-jakarta-inter
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