• News Archive
  • Simaster
  • Webmail
  • Directory
  • Crisis Center
  •  English
    • Indonesia
Universitas Gadjah Mada Universitas Gadjah Mada Universitas Gadjah Mada Universitas Gadjah Mada
  • Education
    • Doctoral dissertation
    • Inauguration of Professor
    • Graduation
  • Achievement
  • Research and Innovation
    • Research
    • Innovation
  • Campus Info
    • Cooperation
    • Seminar and Workshop
    • Student Community Service Program
    • Other
  • News Report
  • Home
  • News Report
  • Finance Minister: State Assets Ought to Give Added Value

Finance Minister: State Assets Ought to Give Added Value

  • 26 September 2018, 09:16 WIB
  • By: Marwati
  • 1040
Sri Mulyani: Aset Negara Harus Memberi Nilai Tambah

Finance Minister, Sri Mulyani Indrawati, stated that assets included in the State Property ought to be well-managed. Without good management, such assets will not give added value.

“In developed countries, there is no money, goods, and capital being left unused. All is forced to perform well to give value. Here we need to do that as well, not leaving any single goods unutilised,” she said, giving a general lecture at Faculty of Economics and Business UGM on Tuesday (25/9).

The lecture described strategies for optimising state property management in fiscal policy administration. Minister Mulyani explained the Finance Ministry is mandated to ensure each of the rupiah that is spent should be held accountable and used to the maximum.

She has often found, however, that an infrastructure built by a government agency on state budget has eventually been underused due to unsynchronised matters between the agency and the regional government that is authorised to run it.

“This happens often in regions. That’s why planning is important,” she emphasised.

She explained of the state total assets in 2017, as much as 38% are of state properties worth 2,034.80 trillion. In the last few years there has been an increase in the amount of state properties in the form of machines and infrastructures.

She said State Property management was important as it reflects how a state plans and enacts development well. The more advanced a country is, the better the state asset management.

“Good management quality reflects the state civilisation, each of the money spent is used to give something to the next generation,” she said.

The former World Bank Managing Director said currently state assets management was far more different from those in the past, because for the last 12 years, Indonesia has had a balance sheet that records all state assets.

“In the past 12 years there had been a big revolution regarding State Property. There was a very fundamental change when the state produced its balance sheets for the first time. This was a demarcation between old and current Indonesia,” she added.

There are still challenges, however, to maximise using State Property. To spur economic growth, new paradigms are needed for state assets, from merely giving public services at a low cost to achieving the effectivity of asset use, cost-saving, state revenue increase, government investment added value, and improved governance.

Therefore, the minister asked UGM academics to develop good characters among the young generation in terms of state management.

“We have had a spectacular journey, yet there is much to be done. Let’s improve our state assets for a better future for the next generation,” she concluded.

Related News

  • Finance Ministry and UGM Collaborate for Capacity Building

    Friday,12 August 2016 - 10:22
  • State Secretary Kicks off Talent Pitching for Creative Hub at UGM

    Thursday,22 February 2018 - 10:56
  • Minister Targets No State Enterprises Suffer Loss in 2019

    Friday,13 April 2018 - 10:41
  • UGM - OJK Give Sharia Finance Training

    Wednesday,22 March 2017 - 14:00
  • Indonesia Potential to Become Centre of CIvilisation

    Monday,01 June 2015 - 13:35

News Releases

  • UGM and Central Java Accelerate Response to Childhood Stunting and Malnutrition 08 February 2023
    Universitas Gadjah Mada (UGM), represented by the Faculty
    Salma
  • UGM Medicine Faculty & ANU Indonesia Project Launch In Sickness and In Health: Diagnosing Indonesia 07 February 2023
    UGM Faculty of Medicine, Public Health, and Nursing and Au
    Salma
  • UGM Students Create Mobile App to Inform Location Accessibility 07 February 2023
    UGM students have developed a mobile application that can
    Salma
  • Geography Alumna’s Aromatic Telon Oil Habbie Named 2023 Indonesia Brand Champion 03 February 2023
    Novita Anggraeni, an alumna of the UGM Faculty of Ge
    Salma
  • Bimasakti UGM Kicks Off Hybrid Technology Research 03 February 2023
    Bimasakti UGM has started researching hybrid technol
    Salma

Event

No latest event at this time

Universitas Gadjah Mada
UNIVERSITAS GADJAH MADA
Bulaksumur Yogyakarta 55281
   info@ugm.ac.id
   +62 (274) 588688
   +62 (274) 565223
   +62 811 2869 988

PARTNERSHIP

  • Alumni
  • International Affairs

ABOUT UGM

  • Rector's Welcome
  • History
  • Vission and Mission
  • The Board of Executive
  • Management

VISIT UGM

  • Campus Map
  • Event

REGISTRATION

  • Undergraduate
  • Graduate
  • Vocational School
  • Professional Program
  • International Program

© 2023 Universitas Gadjah Mada

PRIVACY POLICYCONTACT