World Bank and IMF No Longer Questioning Budget Deficit, Purbaya: We Still Have Plenty of Money

Finance Minister Purbaya Yudhi Sadewa has revealed that Indonesia’s State Revenue and Expenditure Budget (APBN) is in good condition. Previously, the World Bank and the International Monetary Fund (IMF) had questioned Indonesia’s deficit amid global turmoil, but they no longer do so. Foreign investors, particularly from the United States (US), are impressed with Indonesia’s continuously developing economy. Purbaya dismissed rumours that the APBN is in poor condition. He detailed that the government still has a budget surplus balance (SAL) of Rp420 trillion. This comprises Rp120 trillion placed at Bank Indonesia (BI) as deposits and Rp300 trillion held in banks in the form of time deposits. Purbaya intentionally placed the funds in banks to stimulate the economy. “The Rp300 trillion is placed in banks to provide additional liquidity so that credit can flow. That is what I call mastery of monetary policy. There is no need to fear the government’s APBN; it is still sufficient, and we still have plenty of money,” he explained. If the economy performs well, the Composite Stock Price Index (IHSG) will also rise accordingly. The hope is that by 2026, the IHSG will break through 10,000. On Friday afternoon (24/4/2026), the IHSG closed lower by 249.12 points or 3.38 percent at 7,129.49. Meanwhile, the group of 45 leading stocks or the LQ45 index fell 25.12 points or 3.51 percent to 690.76. However, Purbaya is optimistic that the national economy’s fundamentals will strengthen over time.