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South Sumatra's Long-Term Investments Exceed Rp7 Trillion

South Sumatra Acting Governor, through South Sumatra Regional Secretary S.A. Supriono, disclosed that the long-term investment value of the South Sumatra Provincial Government stood at Rp7.56 trillion. This total represents the Provincial Government's share ownership in various region-owned enterprises.

The largest asset held by the South Sumatra Provincial Government is in Jakabaring Sport City, which is valued at Rp5.60 trillion, followed by its investment in Bank Pembangunan Daerah Sumatera Selatan dan Bangka Belitung (Bank Sumsel Babel) at Rp967.11 billion.

Other notable investment stakes include Swarnadwipa Sumsel Gemilang at Rp511.16 billion, Penjamin Kredit Daerah at Rp163.4 billion, and Sumsel Energi Gemilang at Rp117.4 billion. The remaining investments are distributed among other region-owned and state-owned enterprises (SOEs) with values under Rp100 billion.

"[South Sumatra's] dividend income in 2023 reached Rp223.8 billion, surpassing the 2022 figure of Rp152 billion," Supriono stated during the South Sumatra Governor's response to the South Sumatra Regional Legislative Council (DPRD)'s general views about the Regional Regulation Draft on Accountability for the Implementation of the 2023 Fiscal Year Regional Budget.

Supriono emphasized at the South Sumatra DPRD plenary meeting on Jun. 6, 2024, that increasing the value of those assets will enhance community services and accelerate economic growth in South Sumatra through the strategic use of said assets.

Additionally, Supriono highlighted South Sumatra's realized regional income, noting that the province's locally-generated income (PAD) percentage has shown an upward trend from 81.43 percent in 2021 to 93.85 percent in 2023. The Regional Tax Revenue component has consistently been realized above 100 percent.

"This demonstrates the South Sumatra Provincial Government's commitment to increasing PAD and optimizing regional financial management," Supriono concluded.

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