Changes To The P2SK Law: BI Is Now Mandatory To Synergize With Government Policies

Illustration: Photo: Doc. ANTARA

JAKARTA - The Draft Law (RUU) which amends Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (P2SK) provides a new responsibility to Bank Indonesia (BI).

If previously BI's role was limited to maintaining stability in the value of the rupiah and financial system, now the institution is also given the mandate to cooperate more closely with government policies, including in the fiscal sector and job creation.

In the previous regulation, Bank Indonesia aims to achieve stability in the value of the rupiah, maintain a payment system, and help maintain the financial system in order to support sustainable economic growth.

However, through the revision of this law, the mandate was expanded. BI is now required to implement policies and policies that create an economic climate that supports the growth of the real sector and the expansion of job opportunities.

Hal ini tercantum dalam Pasal 7 ayat (2) draf RUU P2SK, yang menyatakan "Bank Indonesia dalam mencapai tujuan sebagaimana dimaksud melaksanakan kebijakan dan bauran kebijakan BI yang dapat menciptakan lingkungan ekonomi yang kondusif bagi pertumbuhan sektor riil dan penciptaan lapangan kerja." dikutip Selasa, 16 September.

Di samping itu, Bank Indonesia melakukan sinergi dengan kebijakan fiskal dan sektor rill Pemerintah untuk mendorong lingkungan ekonomi yang kondusif bagi pertumbuhan ekonomi dan penciptaan lapangan kerja, antara lain melalui terwujudnya iklim investasi, digitalisasi, daya saing ekspor, produktivitas sektor rill, pemberdayaan ekonomi masyarakat, serta pengembangan ekonomi inklusif dan hijau.

This is stated in Article 7 paragraph (2) of the draft P2SK Bill, which states "Bank Indonesia is in achieving its objectives as referred to in implementing BI policies and policies that can create a conducive economic environment for the growth of the real sector and job creation." quoted on Tuesday, September 16.

In addition, Bank Indonesia synergizes with fiscal policies and the Government's thrill sector to encourage a conducive economic environment for economic growth and job creation, among others, through the realization of an investment climate, digitization, export competitiveness, gorilla sector productivity, community economic empowerment, as well as inclusive and green economic development.