Jakarta (ANTARA) – The Ministry of Finance has made it necessary for the beneficiaries of state participation (PMN), both public enterprises (SOEs) and related institutions, to complete key performance indicators (KPIs) .

“The PMN is a public fund, and of course, we have to make good use of it,” says Dodok Dwi Handoko, observer of the Restructuring, Privatization and Efficiency of Separated State Assets by the General Directorate of State Assets. (DJKN) of the Ministry of Finance.

Handoko emphasized the need for good governance to manage the PMN since equity is a form of accountability for financing public investments from the state budget.

The KPI was set out in the performance contract between the SOE/PMN recipient institution and the relevant ministry supervising it as a commitment from the SOE management to achieve the target.

In addition, the KPI is also part of the transparency and accountability to the public for the use of funds from the state budget.

Handoko noted that as of today, all public companies or related institutions have signed the PMN 2021 indicator, including PT Kereta Api Indonesia (KAI), PT Perusahaan Listrik Negara (PLN), PT Penataran Angkatan Laut (PAL) and PT Pelabuhan Indonesia (Pelindo).

Additionally, Indonesia Tourism Development Corporation (ITDC), PT Bahana Pembinaan Usaha Indonesia (BPUI), Badan Bank Tanah, Lembaga Pembiayaan Ekspor Indonesia (LPEI) and Pusat Investasi Pemerintah (PIP) have also signed the PMN 2021 KPI.

The KPI for PMN included clear outputs and outcomes and targets whose benefits can be felt directly by all stakeholders, both public companies or institutions and also people.

“PMN’s KPI objectives, both in terms of output and result, are adjusted to the activities or projects of each public company,” he said.

The output targets include the physical achievement of the project development, the electrification rate and the use of PMN funds in accordance with the target.

Related News: Jokowi asks state tourism holding to be nimble and professional

At the same time, the results targets involve the absorption of local workers and local products and micro, small and medium enterprises (MSMEs) as well as an increase in tourist visits.

“The achievement of KPIs for PMN should be monitored,” he stressed.

The Ministry of Finance has also urged SOEs and institutions receiving PMNs to continue transforming and making improvements within their respective companies after receiving PMNs through the state budget.

For 2022, the government will provide PMNs to seven SOEs: Waskita Karya reaching up to Rs 3 trillion; PT PII, 1,080,000,000,000 Rp; PT SMF, 2 trillion rupees; PT Adhi Karya, Rp 1,970,000,000,000; PT Hutama Karya, Rp 23,850 billion; Perum Perumnas, Rp1. 56 trillion; and PT PLN, Rp5 trillion.

Related News: Construction of Temef dam 78% complete