{
    "success": true,
    "data": {
        "id": 1858513,
        "msgid": "purbaya-explains-to-dpr-the-purpose-of-placing-state-funds-in-state-owned-banks-1784011930",
        "date": "2026-07-14 13:21:45",
        "title": "Purbaya Explains to DPR the Purpose of Placing State Funds in State-Owned Banks",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "Finance Minister Purbaya Yudhi Sadewa has explained to the House of Representatives (DPR) that the placement of idle state funds, known as the Budget Financing Surplus (SAL), into state-owned banks (Himbara) is intended to boost credit growth and support the real sector. The policy aims to lower the cost of funds for banks by providing low-interest government deposits, thereby encouraging lending. The government recently returned Rp 110 trillion to Himbara, restoring the total placement to Rp 281 trillion, in response to banks' need for liquidity to meet rising credit demand.",
        "content": "<p>Finance Minister Purbaya Yudhi Sadewa has explained the rationale\nbehind the policy of placing state funds, specifically the Budget\nFinancing Surplus (SAL) previously held solely at Bank Indonesia, into\nthe Association of State-Owned Banks (Himbara).<\/p>\n<p>Purbaya stated that the transfer of state funds to Himbara is\nintended to encourage credit growth in order to boost the real sector.\n\u201cWe can convey here that the transfer of SAL funds to commercial banks\naims to encourage real sector growth through good cash management,\u201d he\nsaid during a presentation at the DPR Plenary Session in Jakarta on\nTuesday (14\/7\/2026).<\/p>\n<p>According to Purbaya, the presence of SAL funds in banks can reduce\nthe cost of business operations for the banks. \u201cThis is done by placing\nidle government cash in partner commercial banks at low interest rates,\nthereby reducing the cost of funds for the banking sector,\u201d he added.\nThe cost of fund refers to the expenses banks must pay for using funds\nfrom other sources, such as customers or institutions, which is\ndetermined by the interest rate paid to depositors.<\/p>\n<p>Previously, the Ministry of Finance had also explained the policy of\nreplacing SAL funds in Himbara after a withdrawal earlier in the year.\nThe placement value has now returned to around Rp 200 trillion, the same\nlevel as when the SAL placement in Himbara began in September 2025. In\ntotal, the value is Rp 281 trillion, with Rp 100 trillion kept on\nstandby at Bank Indonesia to be sent directly to banks if needed by the\nFinance Minister.<\/p>\n<p>\u201cFrom the initial Rp 281 trillion, Rp 110 trillion was withdrawn.\nThis has now been returned, so it remains at Rp 281 trillion,\u201d said Vice\nMinister of Finance Juda Agung during a press conference at the DPR\/MPR\nBuilding in Jakarta on Monday (29\/6\/2026). The policy change came after\nbanks reported a liquidity squeeze in recent times, while demand for\ncredit has increased, necessitating full support from the government and\nBank Indonesia. \u201cIndeed, banks need liquidity to channel credit,\u201d Juda\nAgung stressed.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/purbaya-explains-to-dpr-the-purpose-of-placing-state-funds-in-state-owned-banks-1784011930",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}