BUMN is always in the spotlight. BUMN promotes public welfare and owns at least 51% of the state's shares. This 51 percent share creates the impression that BUMN's riches are the state's wealth, hence its loss is the state's loss. BUMN losses are linked to corruption. The legality of the loss is being disputed. There's nothing improper because of the legal position of BUMN assets. Currently, the government has changed PP No. 45 of 2005 about the Establishment, Management, Supervision, and Dissolution of SOEs to add "BUMN losses" to Article 27 paragraph (2). By adding "BUMN loss," the government aims to underline that BUMN losses are not state losses. If accurate, this statement merits praise, but it's not enough to absolve SOEs of state losses. Thus, laws and regulations pertaining to the legal position of public financing in SOEs must be harmonized at the highest legal level.
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