BUMD Urged to Optimize Assets to Increase Jakarta's Regional Original Income
Reported by Fakhrizal Fakhri | Translated by Rizky Mawardi
Vice Chairman of the Jakarta City Council, Basri Baco, reminded the executive to anticipate potential reductions in Revenue Sharing Funds (DBH) from the central government in the future.
significant and maximum contribution
Baco requested that the Jakarta Provincial Government optimize the role of Regionally-Owned Enterprises (BUMD) as a source of increasing Regional Original Income (PAD).
Legislators Support Budget Priorities Due to DBH Cuts"We must consider how BUMD can make a significant and maximum contribution to our regional budget (APBD). Unproductive assets must be immediately utilized to generate income," he said, Monday (6/15).
According to him, a number of assets belonging to Jakarta's BUMD still have great potential for collaboration with the private sector to generate additional revenue for the region.
In addition, he also encouraged the implementation of creative financing schemes to optimize the utilization of assets owned by BUMD.
He gave the example of PT Pembangunan Jaya Ancol Tbk, which still has quite a large area of empty land and has the potential to be developed through investment cooperation.
He hopes that all BUMD can maximize the potential of their assets, thereby becoming a pillar of regional finances amidst the potential reduction in fund transfers from the central government.
"These assets need to be monetized through various cooperation schemes so that they can generate income and make a greater contribution to Jakarta's PAD," he stated.
