<![CDATA[The privatization policy has become a global trend that occurs in both developed and developing countries. Privatization or sale of state assets is seen as an economic program needed to avoid high savings by freeing BUMN from losses. The privatization program can increase efficiency and encourage economic growth, especially in the fields of infrastructure, education, and health. Privatization is a policy implemented by the government that transfers part or all of the assets owned by the state to the private sector. The privatization of BUMN has caused a lot of controversy among the Indonesian people. As long as privatization can bring better benefits, some will be fine with privatization, while others will be considered non-nationalists and reject privatization to consume state assets. The objectives achieved through the privatization policy are to provide financial contributions to state and commercial organizations, open access to international markets, and transfer of technology to commercial organizations. In Indonesia, privatization is considered important because it promotes good corporate governance. Privatization is based on the principles of transparency, independence, responsibility, accountability, fairness and the best price, taking into account market conditions. Thus, Indonesia's economic growth will increase.]]>
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