Regional Government Deposits in Banks Drop to Rp 173.73 Trillion in July 2021

The Ministry of Finance (Kemenkeu) recorded that regional government (pemda) deposits in banks reached Rp 173.73 trillion in July 2021. This figure decreased by 8.63% compared to June 2021, which was Rp 190.13 trillion.

Regional government deposits in banks also decreased by Rp 14.57 trillion or 7.74% compared to the same period last year. In July 2020, regional government deposits in banks reached Rp 188.3 trillion.

Deputy Minister of Finance Suahasil Nazara stated that the decrease in deposits occurred because regional governments needed more funds for operational and service implementation. He said that the decrease in deposits indicates that several regions have managed their treasury well during the current Covid-19 pandemic.

Some regional governments with the highest deposits are East Java, Central Java, West Java, Papua, and Aceh. Meanwhile, regional governments with the lowest bank deposits include North Maluku, Riau Islands, West Sulawesi, Gorontalo, and Maluku. However, the exact figures for each regional government's deposits were not detailed.

Furthermore, Kemenkeu recorded the realization of APBD spending at Rp 443.4 trillion in July 2021. The realization was only 36.6% of the total APBD ceiling. This figure is down compared to the realization of APBD spending in July 2020, which was Rp 446.7 trillion or 41.8% of the total APBD ceiling.