Raising Revenues with Problem Assets
Tuesday, 18 September 2001
IBRA’s revenue target has been raised to Rp42.8 trillion. This will be difficult to realize as the majority of the remaining assets under IBRA are no longer attractive. Luckily, IBRA still has Holdiko assets and can sell debts.
THE Head of the Indonesian Bank Restructuring Agency (IBRA) will really have to motor it next year. He has no other choice because, according to the planned 2002 State Budget that was presented by President Megawati on 6 September to the House of Representatives (DPR), IBRA’s revenue target is set at Rp42.8 trillion.
Of this, Rp35.3 trillion will have to be in cash, Rp21.5 trillion to cover the budget deficit and Rp13.8 trillion to buy bond...
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