Purbaya Reveals Government Funds Are Still Abundant, APBN Savings Reach Rp420 Trillion

Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa is confident that the government’s fiscal room remains very ample to respond to global economic pressures. In particular, those triggered by the impact of the Iran-Israel and United States (US) war since 28 February 2026.

That war risks disrupting the government’s fiscal position because it has caused fluctuations in global crude oil prices. The APBN is quite sensitive to fluctuations in global crude oil prices due to the budget allocation for energy subsidy and compensation spending.

However, Purbaya assured that even if global crude oil prices hover at US$100 per barrel until the end of the year, or far above the 2026 APBN assumption of US$70 per barrel, the APBN deficit throughout this year will still not exceed the safe limit of 3% of GDP under the State Finance Law.

“So our room is still wide open, actually. So you don’t need to worry about the APBN condition,” Purbaya said when met in the Wisma Danantara area, Jakarta, on Wednesday (1/4/2026).

Purbaya explained that with various efficiencies and budget reallocations that have been announced by the government, the energy price pressure will still only potentially increase the APBN deficit to around 2.9% from the target of 2.68% of GDP this year.

That widening of the deficit target, he said, does not yet include the utilisation of the Excess Budget Balance (SAL) currently held by the government, amounting to Rp420 trillion.

“If push comes to shove, I have SAL rising to Rp420 trillion, but that won’t be used unless it’s really desperate, so the state finances are in very good condition, with sufficient buffers,” Purbaya stated.