Burden Sharing Rolls Again, BI Boss Says Supporting Asta Cita Program

For information, this scheme was previously implemented during the COVID-19 pandemic, with the aim of helping to finance state debt in handling the health and economic crisis caused by the pandemic.

BI Governor Perry Warjiyo stated that the implementation of burden sharing this time was intended to fund various people's economic programs which were part of the Asta Cita agenda of President Prabowo Subianto's administration.

He revealed that as of Monday, September 1, 2025, Bank Indonesia had purchased Government Securities (SBN) worth IDR 200 trillion.

According to Perry, the purchase of SBN does not only play a role in maintaining the stability of the rupiah exchange rate and ensuring sufficient liquidity, but also supports the financing of government priority programs.

"We have updated that since yesterday we have purchased SBN of IDR 200 trillion, yesterday's latest data including for debt switching," he said at the Committee IV Working Meeting with the Minister of National Development Planning/Head of Bappenas, Minister of Finance and the Governor of BI, Tuesday, September 2.

He explained that some of the funds would be used to finance populist programs such as the construction of 3 million people's homes, the development of the Red and White Village Cooperative, as well as various other priority programs.

"We synergize with the Minister of Finance some of the funds from SBN for funding people's economic programs in asta ideals such as public housing, red and white village cooperatives with burden sharing or distribution of interest expenses, which of course together with the ministry of finance and therefore will reduce the financing burden of programs for the people's economy in the ast ideal," he said.

He conveyed that in addition to lowering interest rates, BI also increased liquidity in the financial market by purchasing SBN in the secondary market, in line with the principles of monetary policy.

Perry explained that his party had coordinated with the Ministry of Finance to direct part of the funds from the purchase of the SBN to priority sectors such as financing people's housing programs and strengthening the Red and White Village Cooperative.

"We also agreed to distribute the burden sharing burden for the interest, we agreed half-parah," he added.

He gave an example, for example, the interest expense for public housing funding is set at 2.9 percent, which will be jointly borne by both parties. Meanwhile, for the Merah Putih village cooperative program, interest is set at 2.15 percent which aims to ease the government's fiscal burden in terms of interest financing.

He explained that the calculation of the interest expense using the 10-year SBN interest formula was reduced by the placement of government funds in banks, then the difference was divided into two.

Perry emphasized that the burden sharing policy was still carried out with the precautionary principle, and was based on close coordination between monetary and fiscal policies.

Furthermore, Perry added that this step reflects BI's commitment as part of the Unitary State of the Republic of Indonesia (NKRI), in strengthening synergy with the government, maintaining national economic stability, and encouraging growth that is oriented towards the interests of the people, in order to realize the vision of an Advanced Indonesia.