Suahasil's Strategy to Recover Remaining BLBI Obligor Debts

The government has confirmed that the collection of obligations from BLBI (Bank Indonesia Liquidity Support) obligors and debtors will continue, even though the BLBI Task Force is set to conclude its mandate at the end of 2024.

Finance Minister Suahasil Nazara stated that the management of state receivables, which was previously the responsibility of the BLBI Task Force, will now be handled by the Ministry of Finance, specifically through the Directorate General of State Assets (DJKN).

“The BLBI Task Force will indeed finish at the end of 2024, and in terms of government governance, it will be continued by the Ministry of Finance,” Suahasil said at the State Palace.

Suahasil explained that the Ministry of Finance possesses the State Receivables Committee (PUPN), which is responsible for collecting various obligations still owed to the state. According to him, this mechanism serves as the government’s pathway to ensure that state receivables, including those related to BLBI, continue to be pursued despite the expiration of the Task Force’s term.

“Within the Ministry of Finance, under the Directorate General of State Assets, there is the State Receivables Committee, PUPN. This body is responsible for collecting all obligations that are still owed to the state; they are what we call receivables,” he said.

The government also possesses a new legal basis for the process of settling and collecting state receivables. Suahasil mentioned that Government Regulation (PP) Number 4 of 2026 serves as the new foundation for continuing this process.

“So, we will continue, and in fact, PP Number 4 of 2026 has been issued, which serves as the new basis for this collection settlement,” he said.

Suahasil emphasised that the government will persist in pursuing obligations that must be paid to the state. The funds successfully recovered will subsequently be returned for the benefit of the public through the State Budget (APBN).

“We hope that these obligations will continue to be pursued, and we will then use the returns for the true welfare of our people through the APBN,” Suahasil asserted.

According to Ministry of Finance records cited by CNBC Indonesia, as of the first semester of 2024, the BLBI Task Force has recorded asset acquisitions of 44.7 million m2 and Non-Tax State Revenue (PNBP) of Rp38.2 trillion, representing 34.59% of the total obligation of Rp110.45 trillion.