Purbaya Reveals PFII Funding Details: State Budget Only a Reserve

Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa has stressed that the State Budget (APBN) will not be the main source of financing for the development of the Indonesia International Financial Centre (PFII). He explained that the APBN will only serve as a reserve fund for the operations of the PFII if necessary. According to Purbaya, the initial funding for the PFII’s construction will primarily come from investors, including Danantara. “Not everything will use the APBN. The investors will be the first to disburse funds to build there. Danantara has quite a lot of money, it’s not the APBN,” Purbaya asserted during the July 2026 edition of the APBN KiTa press conference in Jakarta, quoted on Wednesday (22/7/2026). Nevertheless, Purbaya said the government is still preparing the APBN to cover operational needs for a certain period should a funding shortfall occur. He did not, however, disclose the amount. “But in case they lack the money to pay salaries, it can be temporarily covered by the APBN for a certain period. So it’s not entirely the APBN,” Purbaya said. He gave the example that if PFII funds were insufficient to meet the obligation of paying judges’ salaries, the government would step in to help cover the shortfall. “If they lack the money to pay their salaries, it can be temporarily covered by the APBN for a certain period,” he stated. Deputy Chairman of Commission XI of the Indonesian House of Representatives, Mohamad Hekal, had previously stated that the APBN could be used to support PFII operations, particularly for the continuity of court functions, such as paying judges’ salaries, rather than in the context of investment financing. “So for the individuals, we have prepared that door through the APBN. But it is not for making investments. Actually, it is to keep operations from stopping. Temporarily, that first, other things can wait,” he explained. According to Hekal, the independence of judges in the PFII must be maintained, hence the need for financing through the APBN. He confirmed that the government and the House of Representatives have accommodated this issue in the PFII Law. “But judges cannot be left unpaid, and we must also safeguard their independence. So we have opened the space for this, including for other institutions,” he elaborated.