Local Government Deposits in Banks Increase Again, Reaching Highest Level Since the Beginning of the Year

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Cindy Mutia Annur 26/10/2022 11:40 WIB

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Government funds held by regional governments (Pemda) in banks have increased again. According to a report from the Ministry of Finance, the Pemda balance "deposited" in banks reached Rp223.84 trilli

Government Regional Fund Deposits in Banks (September 2021 - September 2022)

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Government Regional Fund Deposits in Banks (September 2021 - September 2022)

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Regional government funds held in banks have increased again. According to a report from the Ministry of Finance, the balance of regional government funds deposited in banks reached Rp223.84 trillion as of September 2022.

This figure is a new record, representing the highest amount of funds deposited in banks throughout 2022. In July 2022, for example, regional government funds deposited in banks had temporarily decreased to Rp193.46 trillion.

However, the amount increased in August 2022 to Rp203.42 trillion and continued to rise last month. "So we see that the trend of regional government funds in banks is still not decreasing," said Finance Minister Sri Mulyani in a press conference on the APBN KiTa (State Budget Our Way) program on Friday (October 21st).

Sri Mulyani believes that the accumulation of regional government balances in banks will continue in October and November 2022. The former IMF director predicts that regional government funds deposited in banks will only decrease significantly at the end of the year.

The highest nominal balance of regional government funds deposited in banks is in East Java, reaching Rp29.65 trillion. The lowest nominal balance is in West Sulawesi, at Rp1.07 trillion.

From a provincial perspective, the region with the highest balance in banks is DKI Jakarta, reaching Rp13.52 trillion. Meanwhile, the lowest recorded balance is in West Sulawesi, amounting to Rp380.1 billion.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Local Government Deposits in Banks Increase Again, Reaching Highest Level Since the Beginning of the Year

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Local Government Deposits in Banks Increase Again, Reaching Highest Level Since the Beginning of the Year

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