A Tug-of-War Over Idle Budget Funds

8 hours ago 21
Minister of Finance Purbaya Yudhi Sadewa delivers a speech on the Bill on Accountability for the 2025 State Budget Implementation during the 23rd Plenary Session of the House of Representatives at the DPR Building, Jakarta, July 2, 2026. Tempo/Amston Probel

TEMPO.CO, Jakarta - There was something unusual about the coordination meeting chaired by House of Representatives Deputy Speaker Sufmi Dasco Ahmad on Monday morning, June 29, 2026. Dasco invited representatives from Bank Indonesia, the Finance Ministry, and the National Economic Council (DEN), but not their top leaders. It was only at 9 a.m. that the attendees became clear in the meeting room at the Nusantara III Building of the House of Representatives complex in Senayan, Jakarta.

From Bank Indonesia came Senior Deputy Governor Destry Damayanti and three deputy governors: Thomas Djiwandono, Ricky Perdana Gozali, and Filianingsih Hendarta. The Finance Ministry was represented by Vice Finance Ministers Suahasil Nazara and Juda Agung. The National Economic Council sent Vice Chair Mari Elka Pangestu and two members, Chatib Basri and Arief Anshory Yusuf.

Dasco chaired the meeting alongside House Deputy Speaker Saan Mustopa, Budget Committee Chair Said Abdullah, House Commission XI Chair Mukhamad Misbakhun, and Commission XI Deputy Chair Mohamad Hekal. "In the House discussion with Bank Indonesia, the Finance Ministry, and the National Economic Council, which presented the economic outlook, we hope fiscal and monetary coordination will improve further," Dasco told Tempo on Friday, July 3, 2026.

Besides discussing fiscal and monetary policy synchronization, the meeting also addressed a controversial issue: the placement of the government's excess budget balance (SAL) funds in state-owned banks belonging to the Association of State-Owned Banks (Himbara). Three government and parliamentary officials familiar with the meeting said Dasco wanted participants to speak more openly while their "bosses" were absent. Asked about this, Dasco declined to comment.

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