Government Places Hundreds of Trillion in Public Funds at SOE Banks
JAKARTA, DDTCNews – To boost economic growth, the government has decided to place IDR381 trillion in funds at state-owned banks. This topic is among the reviews featured in national media today, Tuesday (30/6/2026).
Deputy Minister of Finance, Juda Agung, stated that the government funds placed at banks comprise IDR281 trillion with a tenor through to the end of December 2026, plus an additional IDR100 trillion.
"There is an additional IDR100 trillion as a stand-by if needed. Banks do still require liquidity to extend loans," he said.
Juda noted that credit demand remains relatively high. This is reflected in credit growth in May 2026, which reached 11.5%.
"We hope credit growth will also remain double-digit in the coming months. Therefore, liquidity must truly be maintained within the banking sector," said Juda.
Minister of Finance, Purbaya Yudhi Sadewa, had previously stated that the placement of government funds in the form of the budgetary surplus balance (saldo anggaran lebih/SAL in Indonesian) at national banks aims to strengthen bank liquidity and credit disbursement.
The placement of the budgetary surplus balance at state-owned banks is conducted with varying and flexible tenors to maintain the effectiveness of state treasury management and fulfil banks' liquidity requirements.
"This measure is also in line with the directive of President Prabowo Subianto to ensure that all fiscal policy instruments can support the acceleration of national economic growth," said Purbaya.
With this additional liquidity, Purbaya urged national banks to continue channelling credit to productive sectors and micro, small and medium enterprises (MSMEs).
"The government will monitor and evaluate this policy to ensure its effectiveness in supporting economic stability, strengthening the financial sector and promoting sustainable and inclusive economic growth," he remarked.
In addition to the above topic, there are also reviews on the discourse of evaluating the tax aspects of old age security (jaminan hari tua/JHT) in Indonesian. There is likewise discussion concerning the final income tax for MSMEs, fiscal incentives for electric vehicles, the OECD's update to the GloBE Information Return and various other matters.
The following are the full tax article reviews.
Fiscal Buffer Increasingly Constrained
The government's decision to add further injections of funds from the budgetary surplus balance (saldo anggaran lebih/SAL in Indonesian into the Association of State-Owned Banks (Himpunan Bank-Bank Milik Negara/Himbara in Indonesian) is assessed to erode the fiscal buffer should a shock occur that undermines budget credibility.
The year 2025 saw the government having to withdraw budgetary surplus balance funds from Himbara, even 'compelling' Bank Indonesia to remit its surplus early to close a fiscal gap that widened to above 2.9% of the GDP.
On the other hand, this policy has not yet been fully optimised. Bank credit disbursement over the more than 8 months of the policy's implementation has remained in the range of 7%–9%. The only double-digit growth occurred in May, at around 11.51%. (Bisnis Indonesia/Kontan)
Final Income Tax for Individual Taxpayers Now Permanent, Ministry of MSME: Competitiveness Strengthened
Deputy for Small Enterprises at the Ministry of MSMEs, Temmy Setya Permana, considers that the unlimited-period MSME final income tax provides a greater opportunity for individual taxpayers and sole proprietorships to grow.
In his view, the issuance of Gov. Reg. 20/2026 also reaffirms the government's commitment to providing sustained support to micro and small enterprises.
"This policy affords a broader space for micro- and small-scale entrepreneurs to grow, increase business capacity and sustainably strengthen competitiveness," he said. (DDTCNews)
Government Reviews Tax Rules on Old Age Security
Minister of Finance, Purbaya Yudhi Sadewa, has responded to the proposal for abolishing tax on income comprising old age security (jaminan hari tua/JHT in Indonesian), religious holiday allowances (tunjangan hari raya/THR in Indonesian), pensions and severance pay, as put forward by the president's special adviser.
According to Purbaya, the levying of tax on old age security has hitherto been governed by statutory laws and regulations. The government therefore needs to review this policy more comprehensively before amending the regulation.
"We will look at what the existing rules say and also compare them with global best practice. So it could be granted or not, depending on the outcome of this [discussion and review], but instinctively, in the interest of fairness, everyone pays," he said. (DDTCNews/Kontan)
Purbaya on Electric Vehicle Fiscal Incentives Delayed
Minister of Finance, Purbaya Yudhi Sadewa, has explained the postponement of electric vehicle (EV) incentives, which were originally set to be launched in June but have been pushed back to August 2026.
Purbaya noted that the EV incentive scheme is still being formulated and has not yet been finalised. For this reason, he continued, the government will not be launching the EV stimulus in the near term as originally planned.
"Perhaps the preparations are not sufficiently mature. He [Coordinating Minister Airlangga] has not spoken with me; as I recall, it was postponed by 1 month [to July], and perhaps another month is needed," he said. (DDTCNews)
Many New Safe Harbours, GloBE Information Return to Be Updated
The Organisation for Economic Co-operation and Development (OECD) is set to update the GloBE Information Return (GIR) in the near future.
Changes to the GIR are required to accommodate the application of the side-by-side safe harbour and various other safe harbours under the global minimum tax rules, or GloBE rules.
"The changes to the GIR cover all aspects of the side-by-side package, including the simplified effective tax rate (ETR) safe harbour, the side-by-side safe harbour and the substance-based tax incentive safe harbour," said Head of the OECD's International Tax Co-ordination Unit, Félicie Bonnet. (DDTCNews)
Brace Yourselves! USKP Examinations to Resume Shortly
The Ministry of Finance, through the Tax Consultant Certification Organizing Committee (Komite Pelaksana Panitia Penyelenggara Sertifikasi Konsultan Pajak/KP3SKP in Indonesian), will be holding the Tax Consultant Certification Examination (ujian sertifikasi konsultan pajak/USKP in Indonesian) for Period II/2026 in the near future.
The upcoming USKP is exclusively intended for repeat candidates at all examination levels, namely A, B and C.
"If you're taking the USKP Period II/2026 as a repeat candidate for Level A, B, or C, it's time to start preparing from now!" wrote the USKP committee via its official WhatsApp channel. (DDTCNews)
