Finance Minister Claimed Rp200 Trillion in State Banks Boosts Liquidity

TheIndonesia.co - Finance Minister Purbaya Yudhi Sadewa said that placing Rp200 trillion (approximately $11.97 billion) in excess budget funds (Saldo Anggaran Lebih/SAL) in state-owned banks under the Himbara group has helped increase liquidity in the national economy.

“The placement of Rp200 trillion (approximately $11.97 billion) in government funds as part of cash management has contributed to higher economic liquidity,” Purbaya stated during a press conference of the Financial System Stability Committee (KSSK) on Monday, as quoted by Antara.

He explained that the impact of the policy was reflected in the growth of base money (M0), which reached 13.2 percent year-on-year.

The rise in liquidity was also supported by an accommodative monetary policy and liquidity expansion, with broad money (M2) growth reaching 8.0 percent year-on-year in September 2025, compared to 6.5 percent in June 2025.

Going forward, the government will strengthen investment through the role of the Indonesia Investment Authority (BPI) Danantara as a catalyst for private investment and accelerate the implementation of strategic government programs under the P2SP Task Force.

Budget spending under the State Budget (APBN) will also be optimized to accelerate the execution of strategic programs, making them more effective in supporting consumption and production activities.

Purbaya added that the government will continue to align fiscal, monetary, and financial sector policies to provide stimulus and incentives for priority sectors.

With positive developments in economic activity and strong policy coordination, he expressed optimism that Indonesia’s economy could grow above 5.5 percent year-on-year in the fourth quarter of 2025.

The projection is supported by a fiscal stimulus package worth Rp34.2 trillion (approximately $2.05 billion).

For the full year, Purbaya forecast Indonesia’s economic growth at around 5.2 percent. “For full-year 2025, we project growth to reach 5.2 percent,” he said.

During the KSSK meeting on Friday (October 31), the Ministry of Finance, Bank Indonesia (BI), the Financial Services Authority (OJK), and the Deposit Insurance Corporation (LPS) emphasized the importance of maintaining vigilance against various risks through effective policy measures.

The committee also agreed to further strengthen inter-agency coordination and policy synergy with other ministries and institutions to ensure financial system stability while sustaining economic growth.