Indonesian state-owned enterprises (SOEs) significantly contributed to state revenue, reaching US$41.1 billion in 2023. This figure represents a substantial economic impact, highlighting the crucial role SOEs play in the nation’s financial health. The contribution encompasses various sectors, demonstrating the breadth of SOE involvement in the Indonesian economy. According to BUMN, this revenue boost underscores the success of ongoing SOE reforms and improved performance. These reforms aim to enhance efficiency, transparency, and profitability within state-owned companies. The substantial financial contribution is expected to support national development programs and infrastructure projects. Further details regarding sector-specific contributions were not immediately available.