Indonesian Political, Business & Finance News

Finance Minister Begins Withdrawing Remaining Bank Indonesia Budget Surplus

| Source: CNBC Translated from Indonesian | Finance
Finance Minister Begins Withdrawing Remaining Bank Indonesia Budget Surplus
Image: CNBC

Jakarta – Finance Minister Purbaya Yudhi Sadewa has disclosed that he has begun withdrawing the remaining surplus from Bank Indonesia (BI) ahead of the end of the financial year.

However, Purbaya was reluctant to disclose the specific amount of BI’s remaining surplus that the government has withdrawn at the start of this year. He merely confirmed that only a portion of BI’s remaining surplus has been drawn by the government.

“A portion, but there is still more. I have forgotten the figure,” Purbaya said when met at his office in Jakarta on Tuesday, 10 March 2026.

As is known, prior to the close of the 2025 financial year, Finance Minister Purbaya Yudhi Sadewa issued a new regulation enabling the government to withdraw a portion of BI’s remaining surplus before the end of the financial year.

This provision was established by Purbaya in Finance Ministry Regulation (PMK) No. 115 of 2025 amending PMK 179/2022 concerning Management of Non-Tax State Revenue from State Assets Separated by the State Treasurer.

“In certain circumstances, the Minister may request BI to deposit a portion of BI’s Remaining Provisional Surplus before the end of the financial year,” as written in Article 22A of PMK 115/2025, which was implemented by Purbaya from 30 December 2025.

The latest provision established by Purbaya comprises an additional article between Article 22 and Article 23, namely Article 22A. In this article, it is also explained that the basis for withdrawing BI’s remaining surplus is the achievement of state revenue and/or consideration of urgent needs to finance the state budget.

“The request as referred to in paragraph (1) shall be coordinated first with BI,” as stated in Article 22A.

If the amount of the partial Remaining Provisional Surplus of BI is less than the calculation of BI’s Remaining Surplus following BI’s audited annual financial report, BI deposits the shortfall of BI’s Remaining Surplus to the Government.

Meanwhile, if it is greater than the calculation of BI’s Remaining Surplus following BI’s audited annual financial report, the Government returns the excess deposit of BI’s Remaining Surplus to BI, in accordance with applicable laws and regulations.

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