Proceedings of the International Conference on Law, Economics and Health (ICLEH 2020)

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The Development of Regionally Owned Enterprises (BUMD) in Indonesia

Authors
Agus Wibowo
Corresponding Author
Agus Wibowo
Available Online 20 May 2020.
DOI
10.2991/aebmr.k.200513.090How to use a DOI?
Keywords
economic growth, regional autonomy
Abstract

Regionally Owned Enterprises (BUMD) are companies established and owned by local governments. In general, BUMDs in Indonesia in carrying out their business are charged with three missions, namely as a public servant, as a source of Local Revenue (PAD), and also as an agent for driving regional economic growth. The authority of regional governments to form and manage BUMDs As mandated in the 1999 GBHN and Law No. 25 of 2004 concerning the National Development System. The embodiment of regional autonomy in economic growth and equality among regions is carried out through various policy directions, primarily to develop regional autonomy in a broad, tangible, and responsible manner in the context of community empowerment, as well as various economic and community institutions in the region, conducting further study and policy advice concerning the enactment of regional autonomy for provincial, district and city areas as well as rural areas and realizing a equitable financial balance between the center and the regions by prioritizing broader regional interests through decentralization of licensing and investment and management of resources in the regions. The presence of BUMD is expected to contribute to the development of an area so as to create equity and growth in an area.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Conference on Law, Economics and Health (ICLEH 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
20 May 2020
ISBN
10.2991/aebmr.k.200513.090
ISSN
2352-5428
DOI
10.2991/aebmr.k.200513.090How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

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TY  - CONF
AU  - Agus Wibowo
PY  - 2020
DA  - 2020/05/20
TI  - The Development of Regionally Owned Enterprises (BUMD) in Indonesia
BT  - Proceedings of the International Conference on Law, Economics and Health (ICLEH 2020)
PB  - Atlantis Press
SP  - 460
EP  - 463
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200513.090
DO  - 10.2991/aebmr.k.200513.090
ID  - Wibowo2020
ER  -