October 25, 2025 | 02:15 pm
TEMPO.CO, Jakarta - Finance Minister Purbaya Yudhi Sadewa stated that Bank Mandiri has requested an additional placement of Excess Budget (SAL) funds, as it has fully utilized the initial injection of Rp55 trillion. "Earlier, I met someone from Danantara. It seems Mandiri will request more funds because the Rp55 trillion has been fully deployed," said Purbaya, citing Antara on Saturday, October 25, 2025.
Purbaya confirmed that the government is prepared to re-place these funds into the State-Owned Banks Association (Himbara) if the national economy's stimulus is not yet optimal.
So far, Purbaya assessed that the fund injection has positively impacted economic activity. This is reflected in the growth of bank credit and retail sales data reported by Bank Indonesia (BI).
"The economy seems to be picking up. But I will monitor it again. If it's still not enough, we will push again," the Finance Minister commented.
BI data noted that bank credit grew by 7.7 percent in September 2025, a slight increase compared to the 7.56 percent growth recorded in August 2025.
The Minister attributed the relatively moderate credit growth primarily to unstable economic conditions, which were influenced by demonstrations that escalated into riots some time ago. He noted that the fourth quarter provides sufficient time to observe the full development of bank credit throughout 2025.
In early September, the Ministry of Finance transferred Rp 200 trillion in SAL funds from Bank Indonesia to five banks comprising the Himbara. The distribution was as follows: Bank Mandiri: Rp 55 trillion; BRI: Rp 55 trillion; BNI: Rp 55 trillion; BTN: Rp 25 trillion; and BSI: Rp 10 trillion.
Meanwhile, Bank Indonesia Governor Perry Warjiyo stated that the government's fund placement in the banking sector has significantly boosted the amount of money circulating in the economy. Adjusted primary money (M0) recorded an 18.58 percent year-on-year (y-o-y) growth in September 2025, which is higher than the growth of non-adjusted M0, which stood at 13.16 percent y-o-y.
Adjusted primary money refers to the primary money supply that accounts for the impact of reducing the Minimum Reserve Requirement (GWM) of banks in Bank Indonesia due to the provision of the macroprudential liquidity incentive policy (KLM).
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