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Jakarta, CNBC Indonesia – The 2019 State Budget Law (APBN) has been reported to the DPR and the IV DPD Committee, Wednesday (9/9/2020). In presenting its report, the government reiterated the findings of the Superior Audit Agency (BPK) on the pension funds managed by PT Asabri (Persero).
Finance Minister Sri Mulyani Indrawati explained that the government had prepared several plans related to the potential for Unfunded Past Service Liability (UPSL) at PT Asabri.
UPSL is a past obligation for the Employees’ Pension Fund or Old Age Savings Program that has not been fulfilled.
“Regarding the findings on the obligation of the pension program and the potential of UPSL in PT Asabri, the government will compile a plan to complete the provisions and standards related to the presentation of the long-term obligations of the pension program,” he explained Sri Mulyani during a virtual meeting with Committee IV DPD, on Wednesday (9/9/2020).
One of the strategies the government will take towards Asabri is to review and adjust the use of assumptions, as well as the actuarial calculation methods and improve the Central Government Accounting Policy (KAPP) to disclose the value of the long-term pension liability.
Sri Mulyani also gave a note to PT Asuransi Jiwasraya (Persero). Where Sri Mulyani said, the government has asked Asabri and Jiwasraya to conduct an examination of the 2020 financial statements so that they can reliably support the presentation of the permanent investment in LKPP 2020.
Take note, based on the report on the results of the examination of the central government’s financial statements for 2019, the BPK recorded that the BUMN financial reports as of December 31, 2019 amounted to 99 BUMN of which 10 BUMN had negative consequences. For PMN recording to be IDR 0.
According to the BPK report, there were 10 BUMN with negative capital. Of the 10 BUMN, including PT Asuransi Jiwasrya and PT Asabri (Persero).
PT Asabri (Persero) is 100% owned by the government and with equity attributable to the owner of the entity minus 6.11 million IDR. Meanwhile, PT Asuransi Jiwasraya, 100% owned by the government and with equity attributable to the owner of the entity minus IDR 33.66 million.
[Gambas:Video CNBC](dru)
