The Concept of Additional State Capital to Cover the Lack of Capital in the Indonesian Investment Management Agency (LPI)

Konsep Penambahan Modal Negara untuk Menutup Kekurangan Modal Lembaga Pengelola Investasi

Authors

DOI:

https://doi.org/10.31078/jk2048

Keywords:

Additional State Capital, Investment Management Agency, Losses

Abstract


The Investment Management Agency (LPI) is a sui generis institution managing long-term investment in Indonesia. This investment carries high business risks. UU Cipta Kerja and PP LPI regulates that should a loss that reduces the initial capital by 50%, the Government “can” increase the capital of LPI. The research problems are the concept of increasing capital to cover LPI’s initial capital shortage and its supporting mechanism to achieve state goals. This research uses a normative juridical method with a multi-disciplinary approach. The results are that the Constitutional Court as “the Guardian of the Constitution” must emphasize the concept of additional capital to cover LPI’s capital shortage must be interpreted, that the State is “obligated” to cover capital shortage as long as the existence of LPI is deemed necessary to add significant value for revenue. The approval from DPR is required to increase LPI capital, in order to achieve state goals.

Author Biography

Yuli Indrawati, Faculty of Law, University of Indonesia, Indonesia

Yuli Indrawati was born on July 7, 1969, in Jakarta. She is presently a lecturer at the University of Indonesia's Faculty of Law, specializing in state administration law, particularly public finance law. She earned her undergraduate degree from the same faculty and her Master of Law degree from Karl Ruprecht University in Heidelberg, Germany. Her doctorate in law was also obtained from the University of Indonesia's Faculty of Law. Aside from her teaching duties, Yuli Indrawati is also the Head of the International Ranking Unit and Legal Documentation and Reference Center at the University of Indonesia's Faculty of Law. She serves as a member of the Audit Committee at the Ministry of Finance and as the Vice Chairman of the Supervisory Board at the Ministry of Law and Human Rights. Additionally, she assists the Regional Supervisory Council of Notaries in DKI Jakarta.

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Published

2023-12-01

How to Cite

Indrawati, Yuli. 2023. “The Concept of Additional State Capital to Cover the Lack of Capital in the Indonesian Investment Management Agency (LPI): Konsep Penambahan Modal Negara Untuk Menutup Kekurangan Modal Lembaga Pengelola Investasi”. Jurnal Konstitusi 20 (4):704-20. https://doi.org/10.31078/jk2048.

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