Purbaya: State Budget Only a Reserve Fund for PFII

Jakarta (ANTARA) - Finance Minister Purbaya Yudhi Sadewa said the State Budget (APBN) will only be used as a reserve fund for the operational needs of the Indonesia International Financial Centre (PFII) if required, not as the main source of financing.

The initial funding for the PFII’s development will primarily come from investors’ own pockets, including Danantara, so the involvement of the State Budget is purely anticipatory.

“Not everything will use the APBN. The investors will put up the first funds to build there (the PFII). Danantara has plenty of money, not the APBN,” Purbaya said at the July 2026 edition of the APBN KiTa press conference in Jakarta on Tuesday.

According to him, the APBN can only be used to cover operational needs for a limited period if a funding shortfall occurs.

“But in case they run short of money to pay salaries, it can be temporarily covered by the APBN for a certain period. So it’s not all APBN,” the Finance Minister said.

When asked whether the APBN was being prepared as a shock absorber for the PFII, the Treasurer of the State agreed, but believed the need would not be significant given that Danantara still has ample funding capacity.

“For the initial funding, yes. But I anticipate it won’t be that large, because the funds disbursed by Danantara are, in my view, more than sufficient. This is just a safeguard,” he said.

As previously reported, Deputy Chair of House Commission XI Mohamad Hekal also stated that the APBN could be used to support the PFII’s operations, particularly to maintain the functioning of its courts, but not as a source of investment financing.

“The APBN is not for making the investments; it is really for keeping its operations (the PFII’s) from stopping,” Hekal told reporters at the DPR building in Jakarta.

Hekal explained that the initial capital for the PFII’s development is, for now, planned to come from Danantara.

Meanwhile, room for the use of the APBN is also being prepared to support operational needs, including court financing and judges’ salaries, in order to safeguard independence and the continuity of the institution’s functions.

According to him, such a scheme is needed as an anticipatory measure in case obstacles arise during the PFII’s development that hinder the project, so that the institution’s operations, particularly the courts, can continue to run.