Jakarta, CNBC Indonesia - The House of Representatives (DPR) is\nplanning to abolish the authority of the Financial Services Authority\n(OJK) to collect levies or contributions from the financial services\nindustry through new regulations to be established in the revision of\nLaw Number 4 of 2023 on the Development and Strengthening of the\nFinancial Sector (UU P2SK).<\/p>\n
The reason is to avoid potential conflicts of interest in OJK\u2019s role\nas the supervisor of the financial services industry.<\/p>\n
\u201cWe hope that OJK has independence. How can it supervise and also\ncollect the levies? There is no independence there, as we see it. It is\nfraught with interests,\u201d said Deputy Chairman of Commission XI of the\nDPR RI, Fauzi Amro, when met at the DPR RI building in Jakarta, quoted\non Tuesday (7\/4\/2026).<\/p>\n
To date, levies from the financial services industry have been OJK\u2019s\nmain source of income.<\/p>\n
Referring to OJK\u2019s 2024 Annual Financial Report, which has been\naudited by the Financial Audit Board, levy income as of 31 December 2024\nreached Rp8.37 trillion, up from the previous record of Rp8.12 trillion\nas of 31 December 2023.<\/p>\n
The 2024 levy income realisation exceeded its target of Rp8.07\ntrillion. Not surprisingly, for 2025, OJK has again raised its levy\nrevenue target to Rp8.52 trillion, although the realisation has not been\ndisclosed due to the absence of the 2025 OJK Annual Report\npublication.<\/p>\n
As a replacement for these levies, the DPR is proposing that OJK\u2019s\nrevenue come from surpluses of Bank Indonesia (BI) and the Deposit\nInsurance Corporation (LPS).<\/p>\n
\u201cWell, the idea from colleagues is, for example, how about we propose\nthat the levies be taken from BI surpluses and LPS surpluses. BI surplus\nis about Rp78 trillion, LPS surplus is about Rp42 trillion. So combined,\nit\u2019s almost Rp115 to Rp120 trillion,\u201d he explained.<\/p>\n
He stated that to date, such surplus budgets have entered the State\nBudget (APBN), which is in the nature of non-tax state revenue (PNBP).\nHowever, this could pose problems for other sectors.<\/p>\n
\u201cBut we already know that if in the course of financing, OJK\u2019s\nfunding source is truly from BI and LPS surpluses, we hope this\ninstitution will be independent. But this is just a proposal,\u201d he\nadded.<\/p>\n
Meanwhile, OJK Commissioner Chairman Friderica Widyasari Dewi said\nthat in carrying out OJK\u2019s functions and roles, substantial funding is\nrequired. This budget will be used for IT development, systems, and\nvarious programmes that are very important for the financial services\nsector.<\/p>\n
\u201cSo far, it hasn\u2019t been done freely due to very limited funding.\nGoing forward, we respect the various proposals that exist, but the\nbottom line is that the decision is not up to us,\u201d she said.<\/p>\n
OJK supports the best decision to enable the institution to carry out\nits operations. \u201cFor example, we don\u2019t even have our own building and so\non, but for physical things, we can still manage. Currently, that\u2019s not\nour focus. But for operations, supervision, regulation, and so on, it is\nstill very limited,\u201d Friderica emphasised.<\/p>\n
\u201cSo, independence in terms of how we regulate, supervise, and so on,\nbut we must not stand outside the interests of the state and society. I\nthink we must work together,\u201d she concluded.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ojk-levies-on-banks-and-others-reach-rp8-trillion-annually-dpr-wants-them-abolished-1775606609", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }