{
    "success": true,
    "data": {
        "id": 1709747,
        "msgid": "purbaya-issues-new-ojk-budget-regulations-independence-remains-intact-1777521282",
        "date": "2026-04-30 09:05:45",
        "title": "Purbaya Issues New OJK Budget Regulations, Independence Remains Intact!",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Regulation",
        "summary": "Finance Minister Purbaya Yudhi Sadewa has issued a new regulation, PMK Number 27 of 2026, outlining the administrative management of the Financial Services Authority (OJK)'s budget within the state financial framework, effective from 24 April 2026. This measure emphasises a clear separation between policy independence and administrative accountability, ensuring alignment with the national budget cycle without altering OJK's policy-making authority. According to Herman Saheruddin, Acting Director General of Financial Sector Stability and Development, the enhanced governance strengthens institutional credibility, public trust, and financial sector stability in line with international best practices.",
        "content": "<p>Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa has\nestablished specific provisions regulating the management of the\nFinancial Services Authority (OJK)\u2019s budget. These provisions are set\nforth in Ministerial Regulation on Finance (PMK) Number 27 of 2026,\neffective from 24 April 2026.<\/p>\n<p>The regulation covers administrative aspects of OJK\u2019s budget\nmanagement within the state financial framework, including planning,\nreporting, and accountability.<\/p>\n<p>Acting Director General of Financial Sector Stability and Development\n(DJSPSK), Herman Saheruddin, stated that strengthening budget governance\nis an integral part of efforts to build the credibility of the financial\nsupervisory institution.<\/p>\n<p>\u201cThe application of good governance principles ensures that policy\nindependence continues alongside strong accountability. This not only\nsafeguards institutional integrity but also strengthens public\nconfidence in OJK and the stability of the financial sector,\u201d Herman\nsaid in an official statement quoted on Thursday (30\/4\/2026).<\/p>\n<p>The regulation emphasises a clear separation between policy\nindependence and administrative accountability. The coordination\noutlined is a form of technical alignment within the State Budget (APBN)\nframework, particularly to ensure consistency in the budget cycle and\nreporting standards, without changing OJK\u2019s authority in determining\npolicy direction.<\/p>\n<p>Herman explained that this approach aligns with international\npractices. Independent financial supervisory institutions still\nimplement reporting and accountability mechanisms for budgets integrated\nwith the national financial system as part of check and balances\nprinciples and public transparency.<\/p>\n<p>\u201cThus, strengthening governance actually serves as a factor that\nreinforces independence, rather than the opposite. OJK\u2019s work plans and\nbudget are still prepared by the Board of Commissioners and discussed\nwith the House of Representatives (DPR) in accordance with applicable\nlaws and regulations,\u201d he said.<\/p>\n<p>As an institution managing funds sourced from financial services\nindustry levies and APBN support in certain conditions, OJK operates\nwithin the state financial management framework that demands\ntransparency and accountability.<\/p>\n<p>\u201cStrong governance standards are the foundation for trust and\ninstitutional effectiveness. With a transparent and accountable\nadministrative framework, OJK\u2019s independence is not only maintained but\nfurther strengthened in accordance with global best practices,\u201d Herman\nSaheruddin continued.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/purbaya-issues-new-ojk-budget-regulations-independence-remains-intact-1777521282",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}