The Ministry of State-Owned Enterprises (Indonesian: Kementerian Badan Usaha Milik Negara, shortened as Kementerian BUMN) is former Indonesian government ministry that oversee the development of state-owned enterprises in Indonesia. The ministry was led by a Minister of State Owned Enterprises, who reports to the President.[1]
On 26 September 2025, the ministry is due to be disbanded and demoted to the cabinet-level agency as State-Owned Enterprise Management Agency[2] following the revision of the Law on State-Owned Enterprises.[3] The House of Representatives (DPR) ratified the fourth revision of the Law on State-Owned Enterprise on 2 October 2025 and the ministry is officially disbanded.[4]
History
The Ministry of State-Owned Enterprises can be traced back to the Department of Finance. The Ministry of State-Owned Enterprises was in the Second Echelon of the Department of Finance from 1973 to 1993, before being elevated into the First Echelon in 1993. In 1998, the Department of State-Owned Enterprises was created, however, it was regulated under the Department of Finance in its First Echelon from 2000 to 2001. In 2001, the Department of State-Owned Enterprises was renamed the Ministry of State-Owned Enterprises.[5]
The development of state-owned enterprises was on Direktorat Persero dan Pengelolaan Keuangan Perusahaan Negara, which was the Second Echelon Unit in Department of Finance. This unit was also called Direktorat Persero dan Badan Usaha Negara and Direktorat Pembinaan BUMN. This unit was promoted into First Echelon Unit as Direktorat Jenderal Pembinaan Badan Usaha Negara in 1993. In 1998, this unit was promoted into a department and headed by a minister-rank official Menteri Negara Penanaman Modal dan Pembinaan BUMN/Kepala Badan Pembinaan BUMN.[5]
Following formation of Danantara and most of the ministry functions in executing state-owned enterprises, investment management, and restructuration of state-owned enterprises transferred to the agency, the ministry reduced into regulator and representative of Indonesian government as primary shareholder.[6][7] the ministry is later disbanded and converted into State-Owned Enterprise Management Agency.[2]
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