Ministry of State-Owned Enterprises explained

Agency Name:	Ministry of State-Owned Enterprises
Nativename:	Indonesian: Kementerian Badan Usaha Milik Negara
Type:	Ministry
Seal:	Emblem of Indonesia and Logo of Ministry of State-Owned Enterprises of the Republic of Indonesia (English version 2020).svg
Picture Caption:	Ministry of State Owned Enterprises Building
Jurisdiction:	Government of Indonesia
Headquarters:	Jalan Medan Merdeka Selatan No. 13 Jakarta Pusat 10110 Jakarta, Indonesia
Minister1 Name:	Erick Thohir
Minister1 Pfo:	Minister of State Owned Enterprises

The Ministry of State-Owned Enterprises (Indonesian: Kementerian Badan Usaha Milik Negara, shortened as Indonesian: Kementerian BUMN) is an Indonesian government ministry that oversee the development of state-owned enterprises in Indonesia. The ministry is led by a Minister of State Owned Enterprises, who reports to the President.^[1] The ministry is currently led by Erick Thohir.

History

The Ministry of State-Owned Enterprises can be traced back to the Department of Finance. The Ministry of State Owned Enterprises was in the Second Echelon of the Department of Finance from 1973 to 1993, before being elevated into the First Echelon in 1993. In 1998, the Department of State Owned Enterprises was created, however, it was regulated under the Department of Finance in its First Echelon from 2000 to 2001. In 2001, the Department of State Owned Enterprises was renamed the Ministry of State Owned Enterprises.^[2]

The development of state-owned enterprises was on Indonesian: Direktorat Persero dan Pengelolaan Keuangan Perusahaan Negara, which was the Second Echelon Unit in Department of Finance. This unit was also called Indonesian: Direktorat Persero dan Badan Usaha Negara and Indonesian: Direktorat Pembinaan BUMN. This unit was promoted into First Echelon Unit as Indonesian: Direktorat Jenderal Pembinaan Badan Usaha Negara in 1993. In 1998, this unit was promoted into a department and headed by a minister-rank official Indonesian: Menteri Negara Penanaman Modal dan Pembinaan BUMN/Kepala Badan Pembinaan BUMN.^[2]

List of ministers

See main article: Minister of State Owned Enterprises (Indonesia).

Organisation

Ministry of State Owned Enterprises is organised as 2 vice ministers, one secretariat, 3 deputies and 3 expert staffs.^[3]

• Vice Minister I
• Vice Minister II
• Ministry Secretariat
• Deputy of Laws and Regulations
• Deputy of Human Resource, Technology, and Information
• Deputy of Finance and Risk Management
• Expert Staff of Strategic Policy Implementation
• Expert Staff of Industry
• Expert Staff of Finance and Micro Small and Medium Enterprise Development

See also

• List of State-owned Enterprises in Indonesia

Notes and References

1. Presidential Decree . 41 . 2015 . President of Indonesia . Peraturan Presiden RI Nomor 44 Tahun 2015 Tentang Kementerian Badan Usaha Milik Negara . id.
2. Web site: Sejarah Kementerian BUMN. 21 September 2021. id. Ministry of State Owned Enterprise.
3. Presidential Decree . 81 . 2019 . . Peraturan Presiden RI Nomor 81 Tahun 2019 tentang Kementerian Badan Usaha Milik Negara .