Indonesia’s Finance Minister Purbaya Yudhi Sadewa has confirmed that the government is coordinating with Bank Indonesia (BI) to transfer surplus budget funds, known as SAL (Saldo Anggaran Lebih), from the central bank to state-owned commercial banks.
The funds will be moved to members of Himbara, the Association of State-Run Banks.
This operational shift aims to channel excess government liquidity directly into the state banking sector, potentially providing a buffer for lending activities or balance sheet management.
The announcement follows recent moves by Indonesia’s State-Owned Enterprises Regulatory Agency (BP BUMN), which has enlisted Himbara to support broader restructuring initiatives within the state-owned enterprise sector.
The coordination between the finance ministry and the central bank suggests a concerted effort to align fiscal liquidity with state banking stability.
Market participants will monitor how this liquidity injection affects state bank lending rates and credit availability.