TEMPO.CO, Jakarta - Finance Minister Purbaya Yudhi Sadewa claims the fund transfer of excess budget balance (SAL) amounting to Rp400 trillion from Bank Indonesia to the banking sector will provide more room for banks to extend credit. "So I placed Rp400 trillion in the banking sector, which will strengthen liquidity conditions so that they can provide credits and the economy can grow again," he said in a public lecture at the State Finance Polytechnic STAN, Jakarta, on Friday, July 10, 2026, quoted from the press release.
Purbaya stated that cash management is one of the instruments to drive economic growth. He mentioned that financial management includes transferring government funds from the central bank to the banking sector.
He continued that fund placement in several banks was done when economic activities slowed down in May and June this year. This cash management strategy complements the role of state expenditures in the State Revenue and Expenditure Budget (APBN). According to him, government spending only contributes around 7 to 10 percent to national economic activities.
Therefore, Purbaya explained that the government is developing a new approach by optimizing state cash management. The goal is to stimulate 90 percent of the economy, which comes from the private sector.
"I see that cash management, the government's financial management, can significantly influence the Indonesian economy. It can revive 90 percent of the economy, in addition to direct expenditures that contribute 7-10 percent," he said.
The capital injection into the banking sector is expected to strengthen the liquidity of the national banking system. According to the Finance Minister, this fund placement also increases the monetary base (M0), supporting the transmission of monetary policy without disrupting the independence of Bank Indonesia.
In the future, the government will not rely solely on state expenditures to drive economic growth, but will also optimize cash management. "So, in the future, fiscal (policy) is not only about government spending as it can directly influence the economy with better cash management," he said.
Purbaya initially began transferring around Rp200 trillion in government funds from Bank Indonesia to state-owned banks on September 12, 2025. As the maturity date neared, reports circulated widely that these SAL funds were being gradually withdrawn.
The state treasurer confirmed that the funds were being phased out. However, after meeting with the leaders of the Association of State-Owned Banks (Himbara), Purbaya decided to inject more money into the banking system.
"There is still Rp170 trillion left there, so I returned it to bring it back to Rp200 trillion for the long term, added another Rp100 trillion for perhaps three to four months, and then added another flexible Rp100 trillion," he said at a press conference at the Ministry of Finance office, Friday, June 26, 2026.
M Faiz Zaki contributed to this article
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