State Funds Allegedly Down to Rp 120 Trillion, Purbaya Responds

Jakarta, VIVA – Finance Minister Purbaya Yudhi Sadewa has denied rumours claiming that the current state funds are left with only Rp 120 trillion. He reiterated that the state budget is still in an adequate condition. “No need to worry about the state budget; it’s still sufficient. We still have plenty of money,” Purbaya said during a media briefing at the BPPK Building in South Jakarta on Friday, 24 April 2026. He explained that the Rp 120 trillion in question actually refers to the government’s Excess Budget Balance (SAL) typically parked at Bank Indonesia (BI). Purbaya stressed that this Rp 120 trillion is part of the total SAL amounting to Rp 420 trillion. Meanwhile, the remaining Rp 300 trillion has been used to inject liquidity into the banking sector, serving as capital to accelerate economic activities. This fund injection aims to pursue the national economic growth target through the banking intermediation function. The government initially placed Rp 200 trillion of SAL funds, followed by an additional Rp 100 trillion. This additional funding was done ahead of the Eid al-Fitr period to ensure banking liquidity remains stable amid potential increases in public funding needs. However, Purbaya emphasised that the fund placement is in the form of on-call deposits, which can be withdrawn by the government when needed. “Previously, it was usually placed at BI; now it should enter the economy. That’s what has supported economic growth over the past few months. But the money isn’t gone; it’s still my deposit. That’s actually a smart move,” he stated. From the state budget perspective, state revenues until the end of March 2026 reached Rp 574.9 trillion, or grew 10.5 per cent year-on-year (yoy). This surge was mainly supported by overall tax receipts growth of 20.7 per cent (yoy). Meanwhile, government spending grew 31.4 per cent (yoy), and the state budget deficit was maintained at 0.93 per cent of gross domestic product (GDP). Therefore, Purbaya assured that the state budget remains solid and capable of acting as a shock absorber amid current global geopolitical uncertainties.