Indonesia's government aims to certify more of its land assets. (Image via Katadata)

Finance Ministry targets over 14,000 state-owned asset certifications

Alfonsus Adi Putra
Politics & Economic
Regulation
Feb 15, 2020
2103
Indonesia’s Ministry of Finance aims to certify 15,426 heaps of land categorized into State-Owned Asset (SOA) in 2020. Director of SOA of State Assets Directorate General (DJKN) of Finance Ministry, Encep Sudarwan, said that the certification of SOA is needed as proof of ownership and as legal security.

From the total objective of 99,783 SOA land, Encep admitted that the Indonesian government just managed to issue 6,900 certifications in 2019. He hoped that in 2020 the number might double to 15,426 certificates.

With it, the total of certified land reached 28,197 in 2019 with 46,725 SOA lands remaining.

Encep asserted that the Indonesian government will try to certify the remaining lands in three years, until 2022. To realize the goal, the Finance Ministry will cooperate with the Ministry of Agrarian Affairs and Spatial Planning/National Land Agency.

Moreover, the Finance Ministry will reinforce training in SOA’s identification, data, verification, and certification until 2022. Monitoring and evaluation processes will be done to accelerate the issuance of SOA certification.

For more acceleration, Encep said that DJKN will set the target even higher as the year goes by until all SOAs are certified. He pointed out that as the economy strives, the asset certification’s awareness will also increase.

Source: https://bit.ly/3bJRZJR

Politics , Economy , Regulation , Certification , ASEAN , Indonesia , SOA , Land