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Jokowi’s Debt Legacy Burden on State-Owned Enterprises

Monday, October 21, 2024

The Joko Widodo administration leaves a heavy burden for state-owned enterprises. Many projects result in big debts.

arsip tempo : 173210600913.

Aerial photo of vehicles passing on Pejagan-Pemalang Toll Road, Adiwerna, Tegal Regency, Central Java, Friday, May 6, 2022. ANTARA/Oky Lukmansyah. tempo : 173210600913.

AS the third quarter of this year comes to a close, Waskita Karya reports increasingly mounting losses. The state-owned construction company recorded a comprehensive loss of Rp3.614 trillion (around US$233.16 million) as of September. This figure is higher than the comprehensive loss of Rp3.235 trillion (US$208.7 million) reported in September 2023.

Such losses, according to Waskita Karya’s Chief Executive Officer (CEO) Muhammad Hanug

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