OJK Funding Alternatives if Financial Services Levy is Abolished

The House of Representatives is reviewing plans to abolish the Financial Services Authority (OJK) levies in the revision of the Financial Sector Development and Strengthening Law (UU P2SK). The DPR proposes alternative funding options from surpluses of other institutions, namely Bank Indonesia (BI) and the Deposit Insurance Corporation (LPS).

To date, OJK’s income has come from levies on the financial services industry. Deputy Chairman of Commission XI Fauzi Amro explained that these levies impact OJK’s independence as a regulator.

“How can the one supervising also be the one collecting?” said Fauzi when met at the DPR building on Monday, 6 April 2026.

The NasDem faction MP stated that if OJK collects funds from banks, insurance, and other financial business entities, there is a risk of vested interests behind it. Thus, OJK loses its independence.

Therefore, the DPR proposes alternative funding sources from BI surpluses and LPS surpluses. Based on records, BI’s current surplus is approximately Rp78 trillion, while LPS’s is approximately Rp42 trillion. Combined, this amounts to around Rp120 trillion.

To date, these surpluses have entered the state treasury, counted as non-tax state revenues (PNBP). However, the proposal still needs to be studied, as there is a possibility that PNBP from other sectors or ministries might also demand the same. Through meetings with various stakeholders, the DPR continues to gather responses and opinions before this concept is decided.

Meanwhile, the National Banks Association (Perbanas) has stated that there are new risks if OJK’s funding comes entirely from the state budget (APBN). Perbanas Deputy Chairman Nixon LP Napitupulu said the risks include dependence on annual fiscal dynamics and changes in budget priorities.

APBN funding could make OJK’s supervisory capacity more vulnerable to political and fiscal cycles. Perbanas still supports levies or contributions from the financial services industry for OJK’s operations.

This scheme is seen as a form of shared responsibility in maintaining a healthy ecosystem. “The financial services oversight function is an essential public function. Therefore, its funding must be stable and not vulnerable to short-term fluctuations,” said Nixon, quoted from Perbanas’ official statement published on Tuesday, 7 April 2026.