JAKARTA - Minister of Finance (Menkeu) Purbaya Yudhi Sadive said President Prabowo Subianto agreed to withdraw funds deposited in Bank Indonesia amounting to Rp200 trillion from the total government deposits of Rp425 trillion to be channeled to banks.

Purbaya said that the government's policy aims to move the economy so that the goal of increasing economic growth can be achieved immediately.

"Yes, we have agreed (the President, ed)," said Purbaya in response to reporters' questions during a press conference reported by ANTARA, Wednesday, September 10.

Purbaya explained that the Rp200 trillion fund was given to banks so that banks could increase their lending to the public.

"The goal is that banks have money, a lot of cash suddenly, and they (banks, ed.) can't work in other places other than being credited. So, we force market mechanisms to run," said Minister of Finance Purbaya.

Purbaya stated that the government will also seek that the funds disbursed to banks are not used for the State Securities (SUN) instrument. This is because the government wants the circulation of money to actually occur in the community and increase the economic activity of the community.

"This is like the Andanaruhdeposito in a bank, roughly the roughness. Later the distribution is up to the bank, but if I want to use it, I will take it. However, later efforts will be made, the distribution will not be bought by SUN again," said Purbaya.

"We ask BI not to absorb the money. So, the money really exists (in) the economic system so that the economy can run," he continued.

Purbaya revealed his plan to withdraw an unemployed money at Bank Indonesia amounting to Rp200 trillion during his inaugural working meeting with Commission XI of the DPR RI at the Parliament Complex, Jakarta, Wednesday morning. The funds mentioned by Purbaya refer to the Over Budget Balance (SAL) and the Remaining Budget Payment (SiLPA) of Rp425 trillion, which is currently stored in Bank Indonesia as a government account.

Purbaya also answered questions about the possibility of his steps triggering hyperinflation.

Purbaya explained that inflation could occur if the growth rate was above the potential growth rate.

"We are 6.5 (percent) or more. We are still far from inflation. So if I inject it into the economy, if the economy is still at 5 percent, it is still far from inflation. That is what is called demand-for-inflation, and it is still far from our situation. Since the crisis, we have never grown 6.5 percent. So, our space to grow faster, is wide open, without provoking inflation, "said Purbaya.


The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)

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