Bond Stabilisation Fund Revived, Purbaya Prepares Special Funding Scheme

JAKARTA - Finance Minister Purbaya Yudhi Sadewa has revealed that the government is preparing a special funding scheme to support the establishment of the Bond Stabilisation Fund (BSF). The Bond Stabilisation Fund is an instrument designed to safeguard the stability of the domestic government debt market from pressures by foreign investors. According to Purbaya, the sources of the BSF funds will not only come from the Budget Surplus Balance (SAL), but also involve various institutions and special mission vehicles (SMV) under the Ministry of Finance. The Finance Minister explained that the government currently sees the need to keep the bond market stable amid global turbulence and potential outflows of foreign capital. According to Purbaya, the stability of government debt prices is important so that the domestic financial market is not easily shaken by external sentiments. “Basically, I just want to ensure that the bond market remains relatively stable and is not easily swayed by foreign investors,” he said. Therefore, the government is optimistic that the funding capacity to operate the BSF remains adequate. He added that the stabilisation mechanism will also be implemented through coordination with Bank Indonesia as the monetary authority. “It will definitely involve coordination with the central bank,” said Purbaya. According to Purbaya, the bond stabilisation funding scheme has actually been in place at the Ministry of Finance before, but it has not been actively used. “It’s not something new. It actually already exists but has been dormant. I just want to revive it,” said Purbaya to the media at Kebun Sirih in Jakarta on Wednesday (6/5/2026). For information, the Bond Stabilisation Fund is an instrument used by the government to intervene in the bond market during extreme pressures, for example by purchasing government debt to keep bond prices stable and contain yield spikes.