The president, Prabowo, said there are too many unproductive state-owned businesses that claim false profits.

Last year, Indonesia created a sovereign wealth fund to manage state assets and found 1,074 state-owned enterprises.

A photo shows the main road in the business district of Jakarta, Indonesia's capital, in March 2020.

Prabowo was surprised to find so many state-owned enterprises and said they often operate without responsibility to the nation.

So far, 290 state-owned enterprises have been closed, and by December 31, there should be no more than 300 left.

The president plans to close over 750 state-owned enterprises and keep only the productive ones.

This effort has already saved about 50 trillion rupiah in costs, including salaries and business travel.

The goal for this year is to save more than 70 trillion rupiah.

State-owned enterprises have seen a 75% increase in profits due to better management.

The president mentioned 'improvements and efficiency'.

Prabowo suggested creating a special court to investigate state-owned enterprises from the past 30 years.

He also asked lawmakers to consider amnesty for those who admit their mistakes.

Indonesia scored low on the Corruption Perceptions Index with 34 out of 100.

Corruption has been a major issue, especially with rising living costs and high oil prices.

One project that has been criticized is the free school meals program, which the president vows to improve.

The president said it's unacceptable that many Indonesian children suffer from stunting.

Despite global uncertainty, Prabowo is confident in the country's food and energy security and economic growth.

The country's GDP growth has been 5.3% and 5.6% in the first two quarters, but analysts are skeptical.

Prabowo said that growth and investment are not the ultimate goals.

The president's goal is the prosperity of the people, and every investment should create jobs and improve life quality.