Makassar, S Sulawesi (ANTARA News) - The government expects state-owned enterprises to contribute Rp130 trillion to the 2011 state budget, up Rp10 trillion from a year earlier, a minister said.
The contributions would consist of taxes and dividend payments to the state, State Enterprises Minister Mustafa Abubakar said here on Friday.
A great chunk of the contributions would come from state-owned companies engaged in mining, banking, oil and gas, and telecommunications sectors, he said.
He said state firms' contributions to the state budget grew by an average of 18 percent per annum. "The annual growth of 18 percent is good though there is still wide room for them to increase their profit," he said.
The government was encouraging state-owned companies to improve their performance to increase profit, he said.
"Last year around 22 state firms suffered losses. We expect the figure could be reduced to a maximum of eight this year," he said.
Hopefully, no state firms would suffer losses in 2011 and 2012, he said.
"Those suffering losses will most likely be liquidated. They include Balai Pustaka, State Film Company and several small state firms," he said.
State firms whose balance sheets must be improved included Merpati, PT Pelni, and Djakarta Llyod, he said.
There were a lot of things to boost state-owned companies' performance by means of right sizing, among others, he said.(S012/a014)
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