Purbaya Denies Rumors State Funds Left at Rp120 Trillion

Tempo04-24 21:41

TEMPO.CO, Jakarta - Finance Minister Purbaya Yudhi Sadewa has denied reports claiming that Indonesia’s state funds have fallen to just Rp120 trillion, saying the state budget remains in a strong and ...

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It is still sufficient. We still have plenty of money,” Purbaya told reporters in Jakarta on Friday.He clarified that the Rp120 trillion figure refers to part of the government’s excess budget balance (Saldo Anggaran Lebih/SAL), which is typically held at Bank Indonesia.The minister said the total SAL stands at around Rp420 trillion. Of this, Rp300 trillion has been used to inject liquidity into the banking system to support economic activity and help achieve national growth targets through stronger financial intermediation.The remaining Rp120 trillion is still parked as government deposits.Initially, the government placed Rp200 trillion in SAL funds, followed by an additional Rp100 trillion ahead of the Eid holiday period to ensure sufficient banking liquidity amid rising public demand for funds.Purbaya stressed that these funds are “on-call deposits” that can be withdrawn by the government whenever needed.“Previously, the funds were mostly kept at Bank Indonesia. Now they are being directed into the economy. That has supported growth over the past few months. But the money is not gone, it is still in deposits. It is actually a smart move,” he said.On the fiscal side, state revenue reached Rp574.9 trillion by the end of March 2026, up 10.5 percent year-on-year, driven mainly by a 20.7 percent increase in tax revenue.State spending rose 31.4 percent year-on-year, while the budget deficit remained contained at 0.93 percent of gross domestic product (GDP).The finance minister said the state budget remains solid and continues to function as a shock absorber amid global geopolitical uncertainty.Read: How Indonesia Floats Ship Tax in Malacca StraitClick here to get the latest news updates from Tempo on Google News","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2630825464","isCrawlerRequest":true}