Strengthening Liquidity and Credit Distribution: Purbaya Extends Rp 200 Trillion SAL Placement

Jakarta, VIVA – Finance Minister Purbaya Yudhi Sadewa has announced that, in order to strengthen banking liquidity and encourage credit growth, the government will extend the placement of funds from the excess budget balance (SAL) totalling Rp 200 trillion until September 2026.

Speaking at the APBN KITA February 2026 edition press conference held at the Ministry of Finance in Jakarta, Purbaya confirmed that the extension would be carried out automatically following the maturity date of 13 March 2026, and would be reassessed in September.

“Banks need not worry about losing liquidity. The government will continue to support market liquidity,” said Purbaya on Monday, 23 February 2026.

He stressed that since the policy was first implemented in September 2025, its objective has been to drive down deposit and lending interest rates. As of January 2026, the six-month deposit rate had fallen to 4.73 per cent, down from 5.03 per cent in November 2025.

Meanwhile, the three-month deposit rate also declined to 4.68 per cent in January 2026, from 4.71 per cent in November 2025.

“As of January 2026, lending rates have also fallen to 8.80 per cent, compared with 9.20 per cent in January last year,” Purbaya said.

He assured that the government and Bank Indonesia (BI) would continue working to drive credit growth through the fund placements. This has been evidenced by credit growth of 9.96 per cent year-on-year recorded in January 2026.

This achievement was also accompanied by third-party fund (DPK) growth of 13.5 per cent and base money (M0) growth of 11.7 per cent as of February 2026.

“The government and Bank Indonesia remain committed to maintaining policy coordination. We also met with the BI Governor last Friday for policy consolidation,” he said.