Purbaya Reveals SAL of Rp 420 Trillion, with Some Funds Parked in Banks and BI

Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa has revealed that the remaining balance of the excess budget (SAL) under management is around Rp 420 trillion, although part of it is placed in the banking sector.

He detailed that the government has allocated Rp 300 trillion of SAL funds to the banking sector and another Rp 120 trillion to Bank Indonesia.

“Rp 200 trillion placed in banks, I added another Rp 100 trillion, leaving Rp 100 trillion still at BI,” Purbaya stated during a working meeting with Commission XI of the House of Representatives (DPR) in Jakarta on Monday (6/4/2026).

According to Purbaya, the management of SAL will be adjusted in line with the handling of state revenues through tax collections.

Furthermore, Purbaya emphasised that the government’s cash management strategy is designed not to disrupt the money supply in the market.

“Taxes will come in again later. We’ll see how it goes. But the cash management is arranged in such a way that it does not interfere with the money supply in the market,” he said.

He disclosed that the current growth in the monetary base (M0) is at around 19%. If this trend can be maintained throughout the year, liquidity growth has the potential to increase even higher.

“If that can be kept going throughout the year, it could grow by more than 22%,” he said.

In his presentation, Purbaya explained that the budget deficit last year reached 2.92% of GDP. Nevertheless, based on the audit of the Central Government Financial Statements (LKPP) conducted by the Supreme Audit Agency (BPK), the 2025 budget deficit is estimated to be around 2.8%.

As such, the government has more room to add funds to Bank Indonesia.

“That provides room, so there are unused funds. That adds to this year’s SAL. On one hand, it’s bad because I can’t spend the money, but on the other hand, it’s good,” he said.