Government to Inject Rp11.46 Trillion into Strategic SOEs

Capital Injection to Support National Development

The Indonesian government has announced plans to inject Rp11.46 trillion into four state-owned enterprises (SOEs) through State Capital Participation (PMN) by December 2025. This significant financial boost is aimed at supporting these strategic enterprises in their development and operational needs. The distribution will be made to four key BUMN:

1. PT Kereta Api Indonesia (KAI): Rp1.8 trillion
2. PT Industri Kereta Api (INKA): Rp473 billion
3. PT Pelayaran Nasional Indonesia (Pelni): Rp2.5 trillion
4. PT Sarana Multigriya Finansial (SMF): Rp6.68 trillion

The decision was made following a working meeting between the Minister of Finance and Commission XI of the DPR on December 8, 2025, as stated by Vice Minister of Finance Suahasil Nazara during the APBN Kita press conference on December 18, 2025.

Strategic Allocation for National Development

The allocation of funds to these four SOEs indicates the government's focus on supporting strategic sectors that are crucial for national development. The injection into KAI and INKA will likely enhance railway infrastructure and manufacturing capabilities. Pelni will potentially expand its maritime services, while SMF will strengthen financial infrastructure through its role in housing finance.