Jakarta, November 04, 2025 – The Europe Today: Finance Minister Purbaya Yudhi Sadewa announced that the government’s decision to place Rp200 trillion (approximately USD 11.97 billion) in excess budget funds (Saldo Anggaran Lebih or SAL) into state-owned banks under the Himbara group has significantly contributed to increasing liquidity in Indonesia’s national economy.
“The placement of Rp200 trillion in government funds as part of cash management has contributed to higher economic liquidity,” Purbaya stated during a press conference of the Financial System Stability Committee (KSSK) in Jakarta on Monday.
He explained that this policy has bolstered the growth of base money (M0), which expanded by 13.2 percent year-on-year. Liquidity growth was further supported by an accommodative monetary stance, with broad money (M2) increasing by 8.0 percent year-on-year in September 2025, compared to 6.5 percent in June 2025.
Looking ahead, the government aims to strengthen investment through the Indonesia Investment Authority (BPI Danantara), which will serve as a catalyst for private investment. Efforts will also be accelerated under the P2SP Task Force to ensure the effective implementation of strategic government programs.
Purbaya emphasized that budget spending under the State Budget (APBN) would be optimized to enhance the execution of key initiatives, thereby supporting both consumption and production activities. The government, he added, will continue to align fiscal, monetary, and financial sector policies to sustain growth and provide targeted stimulus and incentives for priority sectors.
Expressing optimism, Purbaya projected that Indonesia’s economy could grow above 5.5 percent year-on-year in the fourth quarter of 2025, supported by a fiscal stimulus package worth Rp34.2 trillion (approximately USD 2.05 billion). For the full year, he forecast economic growth at around 5.2 percent.
During the KSSK meeting held on October 31, representatives from the Ministry of Finance, Bank Indonesia (BI), the Financial Services Authority (OJK), and the Deposit Insurance Corporation (LPS) reaffirmed their commitment to maintaining vigilance against potential risks through effective and coordinated policy measures. The committee also agreed to further strengthen inter-agency coordination and policy synergy to ensure financial system stability while sustaining robust economic growth.
