September 2, 2025 | 05:14 pm
TEMPO.CO, Jakarta - Bank Indonesia (BI) has resumed its "burden sharing" scheme with the Ministry of Finance to support the financing of several government programs under President Prabowo Subianto. As part of this initiative, BI has purchased Government Securities (SBN) valued at Rp200 trillion.
Perry Warjiyo, the Governor of BI, emphasized that the central bank's role extends beyond interest rate control to include strengthening expansionary monetary policy through the purchase of SBN from the secondary market.
"Since yesterday, BI has purchased SBN amounting to Rp200 trillion, including for debt switching purposes," Perry said during a working meeting with the Committee IV of the Regional Representatives Council on Tuesday, September 2, 2025.
According to Perry, the purchase of government bonds is a collaborative effort with Finance Minister Sri Mulyani. A portion of the funds from these transactions will be directly allocated to support what are deemed "pro-people" programs within the government's Asta Cita agenda.
"The funds from SBN will be directed towards financing people's economic programs, such as the development of people's housing, strengthening the Red and White village cooperatives, and various other initiatives in the framework of Asta Cita," he explained.
Perry believes that this burden-sharing scheme between BI and the Ministry of Finance will reduce the cost of state financing, making it easier to realize the government's priority programs. "With the shared burden of interest, financing for people's economic programs can be lighter," he said.
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