May 25, 2026 | 05:39 pm
TEMPO.CO, Jakarta - House of Representatives (DPR) Commission XI is set to launch deliberations on revising Law Number 17/2003 on State Finance. Commission XI Chairperson Mukhamad Misbakhun said the house aims to wrap up the revision before the 2027 State Budget takes effect on January 1 next year.Misbakhun dismissed concerns that the revision would alter the maximum state budget deficit limit of 3 percent of gross domestic product (GDP). "We are not moving in that direction," he told reporters at Balai Kartini in Jakarta on Monday, May 25, 2026.According to Misbakhun, the State Finance Law requires an overhaul to address overlapping regulations, particularly regarding the status of the Finance Minister, who no longer serves as the shareholder for state-owned enterprises (SOEs).Following the establishment of Danantara, the Finance Ministry is no longer mandated to hold SOE shares. Misbakhun added that the legislative review will incorporate omnibus measures covering both the State Treasury Law and the Non-Tax State Revenue Law."This must be sorted out so these laws can be properly harmonized," he said.The revision of the State Finance Law will be deliberated once Commission XI finalizes amendments to the Financial Sector Development and Strengthening Law (P2SK). Misbakhun noted that the P2SK Law revision is slated for completion by June 2026.Read: Danantara Sumberdaya Indonesia Officially Becomes an SOEClick here to get the latest news updates from Tempo on Google News
