Investor Presentaiton
Strengthened Monetary Expansion and Fiscal Synergy
PRINCIPLES OF FUNDING AND BURDEN SHARING
PRUDENT
Maintaining the credibility of Monetary Policy in the effort to
Maintain Economic Stability
MARKET
MECHANISM
TRADABLE &
MARKETABLE
MEASURED
LAST RESORT
SUN/SBSN tradable
maintaining inflation
in the target range
GOVERN
One-off Policy
in 2020
Prioritize good governance
SUSTAINABLE
Source: Bank Indonesia
1(as of 15 December 2020)
Bl as the back-stop
for Non-public Goods
scheme
•
.
Bank Indonesia continues its commitment to funding the 2020
state budget through SBN purchases in the primary market in
accordance with Act No. 2 of 2020, through market mechanisms
and private placement, as part of the efforts to accelerate the
national economic recovery program, while maintaining
macroeconomic stability
As of 15th December 2020, Bank Indonesia had purchased
Rp75.86 trillion worth of SBN in the primary market through
market mechanisms pursuant to the Joint Decree of the Minister
of Finance and Governor of Bank Indonesia issued on 16th April
2020, including auction schemes, greenshoe options (GSO) and
private placement
Meanwhile, funding realisation and burden sharing to fund public
goods in the 2020 state budget by Bank Indonesia through
private placement in accordance with the Joint Decree of the
Minister of Finance and Governor of Bank Indonesia issued on
7th July 2020 currently stand at Rp397.56 trillion overall,
therefore, Bank Indonesia has purchased SBN for funding and
burden sharing in the 2020 state budget for the national
economic recovery program totaling Rp473.42 trillion
Bank Indonesia has also realised burden sharing with the
Government to fund non-public goods-SME totaling Rp114.81
trillion and non-public goods-corporate totaling Rp62.22 trillion
pursuant to the Joint Decree of the Minister of Finance and
Governor of Bank Indonesia issued on 7th July 2020
Through such synergy, the Government can focus on
accelerating state budget realisation in order to drive national
economic recovery momentum
97View entire presentation