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| Indonesia plans to place Rp100 trillion in banks to strengthen liquidity in the financial system through a flexible short-term funding scheme. |
The government plans to place an additional Rp100 trillion in funds into the banking sector to strengthen liquidity in the national financial system. The plan was announced by Finance Minister Purbaya Yudhi Sadewa as part of a strategy to maintain liquidity stability in the banking sector while supporting economic activity.
The move follows a previous policy that placed Rp200 trillion of government funds in banks, particularly those belonging to the state-owned bank association known as Himpunan Bank Milik Negara (Himbara). However, the new scheme is expected to be more flexible with a shorter placement period.
“Later, perhaps another Rp100 trillion could move in and out. That means it won’t be tied to long-term deposits but rather short-term and flexible,” Purbaya said during a media briefing at the Finance Ministry office in Jakarta on Friday.
More Flexible Fund Placement Scheme
In the previous placement, the government used a deposit on call scheme with a six-month tenor. This arrangement meant the funds were relatively locked for a certain period before they could be withdrawn.
Under the new plan, the government intends to introduce a more flexible mechanism. This would allow the funds to be withdrawn quickly if needed to finance government spending.
According to Purbaya, the approach aims to ensure the funds continue supporting banking liquidity without limiting the government’s flexibility in managing state finances.
Different Funding Source From Previous Policy
Another difference in the new policy concerns the funding source. In the earlier placement, the funds came from the budget surplus balance, known as Saldo Anggaran Lebih (SAL), which is outside the government’s spending ceiling.
For the planned Rp100 trillion placement, the government intends to use unspent government funds currently held at Bank Indonesia.
“If the funds reach Rp300 trillion, they are essentially idle. Rather than keeping them at Bank Indonesia where banks cannot access them, we move them to banks to increase money circulation in the economic system,” Purbaya explained.
He added that the funds could still be withdrawn quickly if they are needed for government spending programs.
Rp200 Trillion Placement Extended
Meanwhile, the government has decided to extend the placement of Rp200 trillion in banks until September 2026.
The funds were initially set to mature on March 13, 2026. The government chose to extend the placement for another six months to ensure banks continue to have sufficient liquidity.
“The Rp200 trillion placement will be extended for six months when it matures on March 13, 2026. Banks do not need to worry about losing liquidity because the government will continue to support market liquidity,” Purbaya said.
The policy will be evaluated again in September.
Distribution To State-Owned Banks
Previously, the government placed Rp276 trillion sourced from the budget surplus balance into five state-owned banks and one regional development bank.
The allocation included Rp80 trillion each for Bank Mandiri, BRI, and BNI. Bank BTN received Rp25 trillion, Bank Syariah Indonesia received Rp10 trillion, and Bank DKI received Rp1 trillion.
Of the total funds placed, Rp75 trillion has since been withdrawn to support central and regional government spending.
Impact On The Financial System
The plan to add Rp100 trillion to the banking sector is expected to help maintain liquidity stability in the financial system. It may also increase the circulation of funds in the broader economy.
However, the Finance Ministry has not yet confirmed when the policy will be implemented, as further studies are still being conducted.
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