SOEs in the construction industry have been involved in highly leveraged infrastructure projects that have resulted in cash flow mismatch and debt default. — The Jakarta Post
A sign that the government budget will face higher fiscal risks in 2025 became clear when state-owned enterprises (SOEs) minister Eric Thohir requested the House of Representative to approve additional capital injections of 44 trillion rupiah into various SOEs.
The capital injections will be used to save several toll road projects being built by heavily indebted state-owned construction and property developers.
