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View all search resultsPrabowo pressures Danantara with return targets, new SOE envoys
The president asked Danantara to deliver a 5 percent return of assets in the near term, or around US$50 billion, to the state budget.
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President Prabowo Subianto delivers a speech during Danantara’s anniversary event at Wisma Danantara, Jakarta, on March 12, 2026.
(Courtesy of/Danantara)
P
resident Prabowo Subianto has increased pressure on state asset fund Danantara by setting specific return targets and revealing plans to place “envoys” in each state-owned enterprise (SOE) under its supervision to tighten oversight. He also warned the agency’s leadership to provide him with “accurate” data rather than exaggerated figures.
Analysts say the remarks underscore growing demands from President Prabowo on Danantara, which has been his key vehicle to accelerate economic growth and generate additional revenue for the state budget. The fiscal burden has intensified, particularly as energy subsidies swell amid global oil price volatility following the United States-Israeli war on Iran.
However, those experts also cautioned that deploying additional envoys across SOEs could add another layer of bureaucracy that hampers decision-making speed.
Speaking at Danantara’s first anniversary celebration in Jakarta on Wednesday, President Prabowo said he was considering placing presidential envoys inside individual SOEs to prevent financial “leakages”.
“We must supervise them [SOEs] because these companies are the lifeblood of our nation. If that blood keeps leaking, our country will suffer,” Prabowo said.
He also warned that weak oversight had caused losses in sovereign wealth funds in many countries, and that Danantara must not suffer the same fate.
Despite calling Danantara “the most closely supervised institution in Indonesia,” Prabowo still urged state institutions, including the Supreme Audit Agency, Financial and Development Supervisory Agency, the Attorney General’s Office, the National Police and the Indonesian Military (TNI), to help monitor the funds it manages.
