Finance Minister Rejects Himbara's Request to Extend SAL Fund Placement Tenor

Finance Minister Purbancy Yudhi Sadewa has rejected a request from the State-Owned Banks Association (Himbara) to extend the tenor for the placement of Excess Budget Balance (SAL) funds by up to one year. Speaking to journalists at the Parliament Complex, Purbaya explained that the current scheme already provides adequate flexibility to meet banking liquidity requirements.

This scheme is also designed to balance the needs of the banking sector with the government’s cash requirements. There are concerns that extending the tenor could jeopardise the government’s readiness to anticipate funding needs outside of the planned budget.

“So, the Rp200 trillion remains until the end of the year, while the Rp100 trillion is reviewed every three months, and the other Rp100 trillion is flexible for inflows and outflows. This is because we also need to anticipate situations where the government requires funds,” Purbaya stated, as reported on Wednesday (8/7/2026).

The Finance Minister noted that the current operational scheme was designed to ensure the government retains the flexibility to withdraw funds whenever necessary. Over time, Bank Indonesia (BI) will also increase funds to maintain adequate liquidity within the financial system.

“Slowly, BI will also replenish the funds. If we withdraw funds, BI will step in to fill the gap. Therefore, the money supply in the system will gradually become more stable compared to before,” said the Minister.

Furthermore, Purbaya stated that the process of distributing additional SAL funds to Himbara is already underway. However, he did not provide specific details regarding the amount allocated to each individual state-owned bank.