Finance Minister Purbaya emphasizes the synergy between Bank Indonesia and the Ministry of Finance.

Finance Minister Purbaya delivered a press conference to explain the state of the national economy and the direction of fiscal policy. They emphasize the synergy with Bank Indonesia, clarify the issue of dollar-denominated deposit interest rates, and outline the government's revenue strategy for the 2026 State Budget. Purbaya also outlined a new role in accelerating national development.

Synergy of Monetary and Fiscal Policy

Purbaya emphasized that the coordination between the Ministry of Finance and Bank Indonesia has become an important foundation for maintaining economic stability. They reject the notion that fiscal and monetary policies are often at odds.

According to him, the two mutually complement each other. The Ministry of Finance manages fiscal space, while Bank Indonesia safeguards monetary stability. In this way, both of them can promote more sustainable economic growth.

Pro-Market Policy

Purbaya calls himself pro-market. It promotes low interest rates through market mechanisms, not direct instruction. The government increases liquidity so that the cost of capital falls and investment moves faster.

Economic stability

In addition, the KSSK synergy is directed at mitigating external risks, including exchange-rate volatility and global capital flows. With this step, the market is expected to be more confident in the direction of government policy.

Clarification on the Dollar and Rupiah Interest Issue

Purbaya clarifies the issue of the 4 percent dollar deposit rate that had previously sparked concerns. He ensures that he has never issued an official instruction to the bank to raise interest rates.

According to his explanation, the idea is merely an incentive discourse to bring foreign exchange funds into Indonesia. However, the risk analysis has not yet been completed. The Himbara banks are deemed to have acted too quickly because there has not yet been official coordination with the government or the KSSK.

Impact on Consumption and Credit

The government targets low interest rates so that people are more willing to spend their money. Businesses also have easier access to credit with lower capital costs. Therefore, economic activity is expected to increase.

Prospects for the Rupiah exchange rate

Purbaya is optimistic that the pressure on the rupiah will soon ease. He expects the exchange rate to stabilize again next week with Bank Indonesia's policy support.

State Revenue Strategy of the 2026 APBN

The Ministry of Finance targets an additional Rp5.9 trillion in revenue in the 2026 State Budget. The main focus is directed toward customs law enforcement, tax optimization, and restructuring of the tobacco products industry.

Crackdown on illegal cigarettes

The Ministry of Finance is aggressively tightening illegal cigarette operations. As of September 2025, authorities have recorded more than 12,000 enforcement actions with seizures totaling 745.49 million logs. Over the past two days, authorities seized 1.1 million cigarettes in Semarang and 880 thousand cigarettes in Bekasi, with potential state losses of more than Rp1.8 billion.

Cigarette tax policy

After discussions with GAPRI, the government decided not to raise the cigarette tax rates in 2026. Conversely, the government is strengthening the Tobacco Industry Zone to attract illegal producers into the formal system. In this way, MSMEs can continue to live while also contributing to government revenue.

Tax Collection and Receivables

Purbaya revealed that most of the major tax delinquents come from corporations. As of September, 84 taxpayers have paid or are paying in installments Rp5.1 trillion. Debt collection will continue to be pursued until the end of the year.

New Role of the Minister of Finance in Accelerating Development

Besides managing fiscal affairs, Purbaya is now serving as the Vice Chairman of the National Development Acceleration Team. They lead cross-ministry coordination among 26 ministries to cut bureaucratic red tape that often hampers investment.

Private Sector Complaint Forum

The government will open a complaint forum for entrepreneurs. This forum is expected to speed up the resolution of field problems so that the strategic project runs more smoothly.

Counter-Cyclical Fiscal Impact

Purbaya emphasizes counter-cyclical fiscal commitment. The government will reduce debt when the economy strengthens, then increase stimulus when growth slows. If growth rises to 6 percent, the country stands to add Rp350 trillion in revenue from the increase in GDP and the tax ratio.

Purbaya's press conference emphasizes a more synchronized and pro-market direction of economic policy. Synergy with Bank Indonesia, clarification of the dollar interest rate issue, and the state revenue strategy demonstrate the government's commitment to maintaining stability. With this step, the public is expected to have greater confidence in the prospects for the national economy. For other latest economic news, readers can continue reading the related articles at Insemination.