Indonesia’s Coordinating Minister for Economic Affairs, Zulhas, has cautioned that channeling state budget funds into the capital structure of the Red and White Cooperative would likely lead to failure. He emphasized that cooperatives should remain independent from direct government financing to maintain operational efficiency and accountability. According to Zulhas, reliance on public funds could undermine the self-sustaining nature of such organizations, making them vulnerable to mismanagement and inefficiencies commonly associated with state-backed ventures.
The minister argued that successful cooperatives thrive on member-driven initiatives and private investment rather than fiscal support from the national treasury. His remarks highlight ongoing concerns about the sustainability of public-private partnerships when government resources are used to prop up institutional capital. Instead, he advocates for strengthening internal governance and encouraging organic growth through community participation and sound financial planning.
Zulhas’s position reflects broader policy discussions about the role of state involvement in economic institutions. By avoiding direct budgetary injections, the government may foster greater resilience and innovation within cooperative enterprises.
— news from VOI.ID
— News Original —
Coordinating Minister Zulhas: If The Capital Of The Red And White Cooperative Uses The State Budget, It Will Definitely Fail – VOI.ID
Coordinating Minister Zulhas: If The Capital Of The Red And White Cooperative Uses The State Budget, It Will Definitely Fail VOI.ID