September 11, 2025 | 08:12 pm
TEMPO.CO, Jakarta - Indonesian Finance Minister Purbaya Yudhi Sadewa stated that the placement of Rp200 trillion funds into the banking system will take effect starting tomorrow, Friday, September 12, 2025. The funds are from the government's money deposited in Bank Indonesia and will be disbursed to a group of state-owned banks (himbara). "Tomorrow it will already enter six banks," said Purbaya when asked by reporters after attending the GREAT Lecture event at Hotel Bidakara, Jakarta, on Thursday, September 11, 2025. However, Purbaya did not specify the six banks that will receive the funds.
The former Chair of the Deposit Insurance Corporation (LPS) mentioned that funds can be placed directly into himbara without a Minister of Finance Regulation (PMK). "It can be done without PMK. If it requires PMK, then I just need to sign it," he said.
The plan to place Rp200 trillion funds was revealed by Purbaya in a meeting with Commission XI of the House of Representatives (DPR) on Wednesday, September 10, 2025. Purbaya argued that Indonesia's financial system is somewhat dry, leading to a slowdown in economic growth.
He stated that this condition has caused people to have difficulty finding jobs for the past two years. He also mentioned that there have been policy mistakes in both monetary and fiscal policies. "I see that the Ministry of Finance can play a role in this by transferring some money, which has so far been in the central bank, mostly around Rp430 trillion, to the banking system," he said to the media after the meeting.
The Minister, who was newly inaugurated by President Prabowo Subianto on September 8, admitted to having spoken with the Deputy Senior Governor of Bank Indonesia about his plan. Purbaya explained that the money will be held in the form of government accounts in banks. Therefore, he said, the government is merely storing the money. "But the banks will not let the money sit idle; there is a cost to it. They (banks) will be forced to seek a higher return than the cost. This is where growth begins, and credit will grow," said Purbaya.
Ilona Estherina contributed to the writing of this article
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