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View all search resultsPurbaya pulls $4.8b liquidity injection from banks to fuel govt spending
The injections are part of Rp 276 trillion in government deposits redirected from the government’s accounts at Bank Indonesia (BI) in September and November to support liquidity at state-owned banks.
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Lights from LCD projectors shine on Finance Minister Purbaya Yudhi Sadewa's face on Oct, 24, 2025, before he sits down to brief the press about what the ministry has done to fix the faulty Coretax system at the Finance Ministry's press room in Jakarta. (JP/Deni Ghifari)
T
he government has withdrawn part of its excess budget previously parked at state-owned banks and redirected the funds toward fiscal spending, as authorities step up efforts to revive economic growth.
Finance Minister Purbaya Yudhi Sadewa said the government had pulled back Rp 75 trillion (US$4.8 billion) from excess budget funds (SAL) deposited at state-owned and regional lenders, with Rp 201 trillion still remaining in the banking system.
The placements are part of Rp 276 trillion in government deposits redirected from the government’s accounts at Bank Indonesia (BI) in September and November to support liquidity at Bank Mandiri, Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI), Bank Tabungan Negara (BTN), Bank Syariah Indonesia (BSI) and Bank Jakarta.
“Now there is Rp 201 trillion in banks. The Rp 75 trillion we withdrew, we spent it again, so it still enters the [economic] system, just not directly as money sitting in bank accounts, but flowing back into the system,” Purbaya said on Thursday, as quoted by state news agency Antara.
Read also: 6% economic growth in 2026 within reach, Purbaya says
The move comes as credit growth has remained below expectations despite ample liquidity. Bank lending grew only 7.36 percent year-on-year (yoy) in October 2025, BI data shows, slower than the central bank’s target range of 8 to 11 percent.
Purbaya admitted that bank lending has yet to grow in line with the scale of liquidity injected through government deposits, citing weak policy coordination with BI earlier in the period.
