How Much Does the Indonesian Government Deposit in the Central Bank?

The new Indonesian Minister of Finance, Purbaya Yudhi Sadewa, will transfer government funds worth Rp200 trillion (approximately USD 13.3 billion based on September 11, 2025 exchange rate) from central bank or Bank Indonesia (BI) to state-owned banks (Himbara) in September 2025.

This fund transfer aims to increase banking liquidity and accelerate national economic growth.

"Tomorrow [the funds] will be in, to the six banks," Purbaya said in a press interview in Jakarta on Thursday (September 11, 2025).

According to BI's financial report, total government deposits at BI (BI's financial liabilities to the government) at the end of 2024 reached Rp495.4 trillion, a 6.43% increase compared to the end of 2023.

Here's a breakdown of the value of government deposits at BI at the end of 2024 by type:

• Current Account: Rp492.11 trillion
• Others: Rp3.29 trillion

Government deposits at BI in the form of current accounts are related to BI's function as the government's cash holder. BI provides the following remuneration on these deposits:

• Interest rate on the Rupiah State General Cash Account (RKUN), USD RKUN, and non-USD foreign currency RKUN is 0.1% per annum.
• Interest rate on placement accounts in Rupiah is 80.476% of the benchmark interest rate.
• Interest rate on placement accounts in USD and non-USD foreign currencies is 65% per annum of the benchmark interest rate.

The interest rate on these government accounts is determined by the Joint Decree of the Minister of Finance and the Governor of Bank Indonesia Number 956/KMK.05/2016 and Number 18/18/NK/GBI/2016 concerning the coordination of state funds management.

Here is a summary of BI's financial report at the end of 2024:

• Assets: Rp4.42 quadrillion
• Liabilities: Rp4.05 quadrillion
• Equity: Rp3.73 trillion
• Accumulated surplus (deficit): Rp364.37 trillion