Indonesia's Finance Ministry Starts Phased Return of Rp300 Trillion SAL Funds to Bank Indonesia

Indonesia's Ministry of Finance has begun the gradual withdrawal of surplus state budget funds (SAL) that were placed in the Himpunan Bank Milik Negara (Himbara) and is returning them to Bank Indonesia (BI). The SAL holdings, which at their peak reached about Rp300 trillion, were deposited in several state‑owned banks since September 2025 to support national bank liquidity. Treasury Director‑General Astera Primanto Bhakti confirmed the phased repatriation, while acknowledging that the exact amounts already returned and the full schedule have not been disclosed.

The move is being coordinated with Bank Indonesia and the Financial Services Authority (OJK) through the Financial System Stability Committee to avoid disrupting bank liquidity. OJK’s banking supervision chief warned that the return must be handled carefully to preserve liquidity and market stability. State bank BRI reported that it has already transferred the first batch of Rp55 trillion back to the Treasury.

Overall, the reversal aims to shift the management of the surplus funds back to the central bank while maintaining stability in the banking sector.