Rancak Media – , JAKARTA — A significant new regulation has been issued by Minister of Finance (Menkeu) Purbaya Yudhi Sadewa, granting the government the authority to mandate or request Bank Indonesia (BI) to deposit its surplus into the state treasury even before the fiscal year concludes.
This pivotal regulation is formally codified in Minister of Finance Regulation (PMK) No. 115/2025, which specifically addresses the management of Non-Tax State Revenue (PNBP) derived from state assets managed separately by the State Treasurer (BUN).
Signed and promulgated on December 30, 2025, PMK No. 115/2025 became effective immediately, just one day prior to the closing of the fiscal year, underscoring its immediate impact on state financial management.
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Minister Purbaya, in outlining the rationale behind this policy, emphasized that the new regulation aims to introduce greater flexibility in managing PNBP from BI’s surplus. This grants the Minister of Finance explicit authority to request earlier deposits of BI’s surplus into the state coffers.
“The Minister may ask BI to deposit a portion of the temporary remaining BI surplus before the end of the fiscal year,” stipulates Article 22A paragraph 1, as quoted on Friday, January 2, 2026.
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The decision to accelerate the deposit of BI’s surplus hinges on two critical considerations: first, the nation’s overall state revenue performance, and second, the urgent necessity to meet the funding requirements of the State Budget (APBN).
Crucially, Minister Purbaya also underscored in the new regulation that any request for an early surplus deposit must first be coordinated meticulously with the monetary authorities, ensuring a collaborative approach to fiscal management.
Should the temporary partial surplus deposited by Bank Indonesia prove to be less than the actual remaining surplus determined after the annual BI financial statements are audited, Bank Indonesia will be obligated to remit the outstanding deficit to the government.
Conversely, if the deposited amount exceeds the audited remaining surplus, the government is mandated to return the excess funds to Bank Indonesia, in full compliance with prevailing laws and regulations.
Surplus Projected to Shrink
Bank Indonesia (BI) anticipates its annual budget surplus (ATBI) to reach Rp33.4 trillion by the close of the current year. This projection represents a notable contraction from the Rp52.19 trillion surplus recorded in 2024.
This forecasted ATBI surplus for 2025 is underpinned by the central bank’s revenues, which stood at Rp50.5 trillion by September 2025. These revenues are expected to further climb, reaching Rp58.1 trillion by the close of 2025.
Concurrently, BI’s expenditures totaled Rp10.8 trillion by September 2025, with projections indicating an acceleration to Rp24.7 trillion by year-end 2025.
In a separate but related development, the House of Representatives’ (DPR) Commission XI and Bank Indonesia (BI) have officially approved the operational budget for the 2026 Bank Indonesia Annual Budget Plan (RATBI).
This agreement was formalized during a working meeting held on Thursday, November 13, 2025, at the Senayan Parliament Complex in Central Jakarta, involving DPR Commission XI and BI Governor Perry Warjiyo along with his senior officials.
For 2026, the agreed operational budget revenue for BI stands at Rp36.91 trillion. This comprises Rp36.8 trillion from foreign exchange asset management, Rp8.9 billion from institutional activities, and Rp76.3 billion from administrative revenues.
Conversely, the operational expenditures for BI in 2026 have been set at Rp20.82 trillion.
Consequently, Bank Indonesia’s operational budget for the upcoming year is projected to yield a surplus of Rp16.09 trillion. Key expenditure allocations include Rp5.9 trillion for salaries and emoluments, and Rp3.6 trillion for human resource management.
Further significant expenditures comprise Rp2.8 trillion for facilities and infrastructure services, Rp2.3 trillion for institutional policy formulation and implementation, and Rp2.02 trillion for the operationalization of various policies.
Additional allocations cover Rp715.6 billion for Micro, Small, and Medium Enterprises (MSME) empowerment, price stabilization, and digital acceptance initiatives; Rp55 billion for supervisory activities; Rp2.2 trillion for social and empowerment programs; and Rp507.9 billion for budget reserves.
BI Governor Perry Warjiyo conveyed his profound gratitude for the approval of the operational budget, reaffirming the monetary authority’s commitment to utilizing these funds with utmost prudence and effectiveness.
During the meeting, Governor Warjiyo stated, “We are committed to deploying this budget diligently to uphold Bank Indonesia’s critical duties, as mandated by law. May Allah SWT continue to bless our endeavors.”
Summary
Minister of Finance Purbaya Yudhi Sadewa has issued Regulation (PMK) No. 115/2025, effective December 30, 2025, which grants the government authority to request or mandate Bank Indonesia (BI) to deposit its surplus into the state treasury before the fiscal year concludes. This policy aims to increase flexibility in managing Non-Tax State Revenue (PNBP) from BI’s surplus and meet the urgent funding needs of the State Budget (APBN). Any such early deposit request must be coordinated with monetary authorities, with provisions for adjustments if the temporary amount differs from the audited actual surplus.
This regulation is introduced amidst projections of a shrinking BI annual budget surplus (ATBI). The surplus is expected to decrease from Rp52.19 trillion in 2024 to an estimated Rp33.4 trillion in 2025. Furthermore, the operational budget for 2026, recently approved by the House of Representatives, projects a surplus of Rp16.09 trillion, highlighting the critical need for this new financial management tool.
