Purbaya Speaks Out on the Issue of Bank Indonesia Under the Ministry

Minister of Finance Purbaya Yudhi Sadewa. (Photo: ANTARA)

JAKARTA - Finance Minister Purbaya Yudhi Sadewa responded to the issue circulating regarding Bank Indonesia's (BI) plan to be under the Ministry and become part of the government cabinet.

When asked about the news, Purbaya questioned the source of information that mentioned the plan to change the position of BI.

"No. Who said?" he told the media after the 2026 KSSK III Periodic Meeting Press Conference, Monday, August 3.

According to Purbaya, changes to the institutional system that is currently running need to be considered carefully and assessed, in the current condition, changing the existing system has the potential to create new problems.

"Later we will see what kind of development it is, so it's too early. So, when things like this happen, it's not good to change the existing system," he said.

Instead of changing the institutional structure, Purbaya assessed, a more important step is to strengthen coordination between the Ministry of Finance, BI, Financial Services Authority (OJK), and LPS.

According to him, inter-institutional synergy is considered important to ensure that economic and financial sector policies are more coordinated.

"The important thing is to improve our performance. We are closer to BI, OJK, LPS, and Finance so that the policy is more synergistic. That's what we're after, maybe," he said.

Regarding the issue of BI's independence, Purbaya said he had received input from the DPR regarding the need to strengthen the supervisory function of the central bank.

"So this, I once asked the DPR why is there such a situation. He said this, if the Minister of Finance, the President can only be given a harsh warning by the DPR. Why not the Central Bank, that's all. But if it is run transparently there is no problem with it," he concluded.