The Ministry of State Owned Enterprises (Indonesian: Kementerian Badan Usaha Milik Negara) is a ministry that oversee the development of state-owned enterprises in Indonesia. The ministry is headed by a Minister of State Owned Enterprises, who is accountable to President. The Ministry of State Owned Enterprises can be traced back to the Department of Finance. The Ministry of State Owned Enterprises was in the Second Echelon of the Department of Finance from 1973 to 1993, before being elevated into the First Echelon in 1993. In 1998, the Department of State Owned Enterprises was created, however, it was regulated under the Department of Finance in its First Echelon from 2000 to 2001. In 2001, the Department of State Owned Enterprises was renamed the Ministry of State Owned Enterprises. More information...
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