DPR Reveals Purbaya's Strategy to Boost Economy Beyond Bank Placements
Jakarta, CNBC Indonesia - Chairman of House Commission XI Mukhamad Misbakhun believes the government has ammunition to drive the economy in the second half of this year, namely the availability of funds in the economy.
As is known, Finance Minister Purbaya Yudhi Sadewa has again placed excess budget balance (SAL) funds in state-owned banks (Himbara).
Misbakhun said the policy is an effort to maintain liquidity and encourage credit growth, so as to boost Indonesia’s economic growth in the third and fourth quarters.
“There is already a very strong commitment from the Finance Minister, namely regarding the availability of money that has so far come from the management of excess budget balance cash, namely SILPA and SAL which have been kept at the central bank,” Misbakhun told CNBC Indonesia on Thursday (6/8/2026).
“The government is providing assurance that within a certain period it will be used by Himbara banks to accelerate and boost their credit growth,” Misbakhun continued.
The liquidity boost in the economy, according to Misbakhun, can be channelled through credit, both for corporations and MSMEs in the real sector.
“Of course this liquidity must be utilised well and provide a boost from the investment side to the real sector,” said Misbakhun.
Another aim is to drive Indonesia’s export performance so that it begins to improve in the second half and to seek opportunities amid the escalation of the war in Ukraine-Russia and the Middle East.
The government’s commitment to boosting the economy includes adding around Rp70 trillion in excess budget balance (SAL) funds to state-owned banks (Himbara). The SAL fund injection has been carried out in stages.
Purbaya said the government has placed Rp40 trillion in Himbara today and the remaining Rp30 trillion next week.
“The sharing is the same as before. So Rp70 trillion is added this week,” Purbaya said at the Ministry of Finance office on Wednesday (5/8/2026).
On this occasion, Purbaya also confirmed that SAL funds will be placed in Himbara for a longer period. Of the total Rp400 trillion, Rp200 trillion will be placed until July 2027 and the remaining Rp200 trillion until the end of 2026.
The impact of the prolonged war has caused prices of Indonesia’s mainstay export commodities to rise, such as coal, and a new balance is emerging which Misbakhun believes creates new opportunities.
“Now coal prices are starting to rise. Coal prices are starting to look up. And then the Middle East has become part of a situation where there is a constraint in the Middle East,” said Misbakhun.
“People are looking for other sectors. This is what inevitably makes us confident in the pattern,” he continued.
The House Commission XI chairman also revealed that he has communicated with Purbaya to discuss other economic growth boosters.
“He will try to accelerate what? Distribution to the regions, then the realisation of government spending, then other spending that he will strengthen,” said Misbakhun.