Arbitrary Bailout Funds - Opinion - magz.tempo.co

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Arbitrary Bailout Funds

Tuesday, June 9, 2020

Five state-owned companies are to receive Rp19.65 trillion in bailout funds to restore their performance during this pandemic. Not all of them deserve it.

Arbitrary Bailout Funds/Tempo. tempo : 173221052195.

T

he government must cancel its plan to pour bailout funds into state-owned enterprises (SOEs). There are many other options to help state companies. Instead of restoring the national economy that has been adversely affected by the Covid-19 pandemic, it is not impossible that this Rp19.65 trillion will end up costing the nation.

This plan was decided in a meeting of a number of cabinet ministers on Wednesday, June 3. The program is part of the

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