October 14, 2025 | 12:39 pm
TEMPO.CO, Jakarta - Finance Minister Purbaya Yudhi Sadewa has spoken about the chance to inject additional funds into state-owned banks (Himbara). Purbaya made this announcement after meeting with investors in government debt securities at the Directorate General of Taxes (DJP) office in Jakarta on Monday, October 13, 2025.
Purbaya floated this initiative after considering the slow growth of base money. "It's only at 13 percent, while ideally, it should be a little less than 20 percent," said Purbaya at the DJP office after meeting with investors.
However, the former Chair of the Indonesia Deposit Insurance Corporation (LPS) did not mention how much cash would be funnelled to the banking sector. Purbaya only mentioned that the government still has around Rp250 trillion in Bank Indonesia. Purbaya also claimed that several banks that have received funds are actually asking for additional funds, one of which is PT Bank Rakyat Indonesia (Persero) Tbk., or BRI.
BRI President Director Hery Gunardi confirmed that it had requested additional funds from the Minister of Finance. However, Hery could not confirm whether the request would be approved or how much it would be.
Meanwhile, for the Rp55 trillion already transferred to BRI, Hery said the bank already disbursed "90.4 percent, almost complete."
The five banks receiving funds from the government are Bank Mandiri with Rp55 trillion, BNI with Rp55 trillion, BRI with Rp55 trillion, BTN with Rp25 trillion, and BSI with Rp10 trillion.
Meanwhile, the Institute for Economic and Social Research at the Faculty of Economics and Business, University of Indonesia (LPEM UI), assessed that the additional liquidity of Rp200 trillion that was disbursed has not yet translated into demand for goods and services at the consumer level.
Statistics Indonesia (BPS) previously reported that inflation in September 2025 was recorded at 0.21 percent month-to-month and 2.65 percent year-on-year (yoy).
But the domestic demand indicator reflected in core inflation tended to remain largely unchanged at 2.19 percent (yoy), a slight increase from 2.17 percent (yoy) in the previous month.
On a monthly basis, core inflation in September 2025 was 0.18 percent (m-t-m), only slightly higher than 0.16 percent (m-t-m) last year. “This is a very limited hike and does not yet signal a strengthening of household purchasing power,” said LPEM UI researcher Chaikal Nuryakin in the Macroeconomic Analysis Series, quoted on Friday, October 10, 2025.
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