Jakarta Deputy Minister of Finance, Thomas Djiwandono, emphasized that the Daya Anagata Nusantara Investment Management Agency (Danantara) does not pledge government shares.
Thomas explained that the government shares, which serve as the underlying asset, are only used to generate dividends, which are then utilized by Danantara for investment.
“It should be emphasized here that Danantara does not pledge Government shares.” The Government’s shares are the underlying assets that generate dividends, and those dividends are used by Danantara for investment,” said Thomas at the APN Kita Press Conference in March 2025, at the Ministry of Finance Office, Jakarta, Thursday (13/3/2025).
Danantara operates on a model where the dividends generated from the revenues and profits of each SOE are fully allocated to Danantara.
Next, the dividends will be reinvested using a leverage mechanism to maximize their benefits for the national economy. In this way, the Government’s equity remains intact and is not used as collateral or pawned.
So, this needs a clear guideline that the Government’s equity will not be mortgaged. The pattern is that the dividends from the revenue and profit of each BUMN will be fully placed in Danantara and used for investment. “That’s where the full investment of the dividends will be leveraged,” he said.
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