The Indonesian government expects state-owned enterprises to contribute Rp 130 trillion ($14.5 billion) to the 2011 state budget, Rp 10 trillion more than this year, State Enterprises Minister Mustafa Abubakar said.
A large chunk would come in taxes and dividend payments from state-owned companies engaged in the mining, banking, oil and gas, and telecommunications sectors, he said.
The government wants more profit, he said. â€śTheir annual growth of 18 percent is good, but there is still lots of room for them to increase their profit.â€ť.
Last year 22 state firms made losses, and that figure should be down to eight this year and zero by 2011, he said.
â€śThose suffering losses will most likely be liquidated. They include [publishing house] Balai Pustaka and the state film company.â€ť
Firms needing improvement include Merpati, Pelni and Djakarta Lloyd, he said.â€‚