According to Purbaya, the additional decision requires further discussion with each bank to ensure their capacity to distribute credit.
"Not yet, I don't know how much they can afford. If we meet people like that, we can afford it, we can afford it. Once confused," he told the media crew, Monday, October 13.
He highlighted the misperception regarding the placement of government funds that burdened Himbara banks, even though this scheme actually provided cheap funds to banks.
"But like this, there is a misperception of the Himbara process if you get it burdened. Usually, my interest should be lower than the previous market," he explained.
Purbaya added that with this additional liquidity, banks should be able to increase lending and have the potential to encourage faster economic growth, so that in the end it will also have a positive impact on the quality of loans.
"He usually spends more credit, the economy grows faster, fortunately the bigger, maybe from the margin it may go down a bit. But the volume gets better, and the quality, the credit will be good too, because the economy is expanding. So (the company) may fail to borrow a little from the bank," he said.
Furthermore, he said that the plan to continue the placement of government funds in banks is still in the evaluation stage, considering that the current growth in the amount of money in circulation has only reached around 13 percent.
"Because the money growth rate is only 13 percent, the M0, the base money, I think the idea should be 20 percent less," he said.
Regarding the potential additional placement of funds to Himbara, Purbaya revealed that his party still has sufficient fiscal space.
"I still have IDR 250 trillion in cash at the central bank. We'll see what it looks like," he said.
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However, Purbaya emphasized that if in the future there is an additional fund placement, the government will no longer announce it openly to the public, because the policy is part of ordinary financial operations that are not related to budget changes.
"Even if we want to add more, we will not tell you again now. Because of the usual money operation again. Because later many people protest, the Purbaya moves money carelessly, uses arbitrary budgets. Because they don't understand that I just moved money. There is nothing wrong with the change in budget," he said.
He emphasized that this step is solely to optimize the use of government funds so that they can encourage growth, without adding to the country's fiscal burden.
"I have not changed the budget at all, nor have I carried out fiscal expansion. This is only the money optimized to create economic growth so that the private sector can grow," he explained.
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