{
    "success": true,
    "data": {
        "id": 1670292,
        "msgid": "purbaya-rp300-trillion-sal-placement-stimulates-economy-through-the-invisible-hand-1775832649",
        "date": "2026-04-10 20:56:25",
        "title": "Purbaya: Rp300 Trillion SAL Placement Stimulates Economy Through the \u201cInvisible Hand\u201d",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "Finance Minister Purbaya Yudhi Sadewa has announced the placement of Rp300 trillion in Surplus Budget Funds (SAL) into the banking sector, designed to activate Adam Smith's \"invisible hand\" mechanism and propel economic activity by encouraging banks to select promising projects. Unlike previous more targeted allocations, this injection does not prioritise government programmes but allows funds to flow broadly through the financial system, particularly via state-owned and regional development banks, to enhance liquidity ahead of the Lebaran period amid rising bond yields. This policy aims to optimise banking intermediation and respond to market dynamics, ensuring sustained economic momentum without direct intervention.",
        "content": "<p>Jakarta (ANTARA) - Finance Minister Purbaya Yudhi Sadewa stated that\nthe placement of Surplus Budget Funds (SAL) worth Rp300 trillion in the\nbanking sector works to stimulate the economy through the mechanism of\nthe \u201cinvisible hand\u201d or unseen hand.<\/p>\n<p>This means that the government\u2019s fund injection encourages banks to\noptimise their intermediation functions, thereby accelerating economic\nactivities.<\/p>\n<p>\u201cMy policy forces the invisible hand to function in the financial\nsector so that banks will choose good projects and make the economy\nmove,\u201d Purbaya told reporters at the Attorney General\u2019s Office in\nJakarta on Friday.<\/p>\n<p>Purbaya noted that the policy does not primarily target government\npriority programmes for fund distribution.<\/p>\n<p>\u201cNot always priority programmes. Actually, I don\u2019t care where they\nplace it (the funds), theoretically speaking. But once placed there, it\n(the funds) will spread through the economic system because the banks\nare compelled by the invisible hand,\u201d the Finance Minister\nexplained.<\/p>\n<p>\u201cSo, our strategy behind it is like that, to activate the invisible\nhand,\u201d he added.<\/p>\n<p>The government had previously placed Rp200 trillion in SAL funds in\nbanks. With the latest addition of Rp100 trillion, the total SAL\nplacement now reaches approximately Rp300 trillion.<\/p>\n<p>Unlike the previous Rp200 trillion placement, which was more\ndirected, this additional funding can be utilised more broadly by the\nAssociation of State-Owned Banks (Himbara) and Regional Development\nBanks (BPD) to support financing in various economic sectors.<\/p>\n<p>The additional funds were placed ahead of the Lebaran period to\nensure banking liquidity remains stable amid potential increases in\npublic funding needs.<\/p>\n<p>The policy also serves as a response to market dynamics, particularly\nthe rise in bond yields, which reflects liquidity pressures in the\nbanking sector.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/purbaya-rp300-trillion-sal-placement-stimulates-economy-through-the-invisible-hand-1775832649",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}