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Govt should review all financial laws: FITRA
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Under fire – State-Owned Enterprises (SOE) Minister Rini Soemarno speaks during a hearing at the House of Representatives. The Indonesian Forum for Budget Transparency (FITRA) has called on President Joko “Jokowi” Widodo to remove Rini from her position for being unable to deliver a road map on the development of SOEs. (Tempo/-)
A budget transparency watchdog urged the government on Tuesday to revise finance-related laws to avoid overlapping.
The Indonesian Forum for Budget Transparency (FITRA) said the revision of the State-Owned Enterprises (SOE) Law lacked thoroughness.
“Other laws need to be reviewed as well, such as the State Finance Law as they are heavily linked,” Fitra secretary-general Yenny Sucipto said at FITRA’s office in Jakarta on Tuesday.
She was speaking in response to the House of Representative’s plan to commence discussions on the revision of the 2003 SOE Law in May.
Other laws closely linked to the SOE Law are the Limited Liability Companies (LLC) Law, Capital Market Law and Supreme Audit Agency (BPK) Law.
Yenny said the SOE Law and four other finance-related laws should be harmonized if the government and the House did not plan on revising the four other laws.
Commenting on the SOE Law revision plan, Yenny said FITRA had found several crucial points that the House and government must pay attention to. Yenny is worried that with the revision, the establishment of a SOE would deviate from what had been mandated in the Constitution.
“This is because the SOE Law draft revision has paved a greater way toward privatization. This draft revision, which is backed by the government, is clearly unconstitutional,” said Yenny.
The activist further said the uncertainty on how SOEs managed their inventory was also among crucial points in the draft revision to the 2003 SOE Law.
Yenny said FITRA also suggested that President Joko “Jokowi” Widodo remove SOE Minister Rini Soemarno, citing the lack of a road map on the development of SOEs. (ebf)
