Indonesian Finance Minister Plans to Use State Funds to Boost Banking Liquidity

ECONOMIC GROWTH - JAKARTA. Indonesia's new finance minister plans to move 200 trillion rupiah ($12.15 billion) of government money to commercial banks to alleviate tight liquidity in the banking system, he said on Wednesday.

Purbaya Yudhi Sadewa, who was appointed on Monday, told a parliamentary hearing that slow government spending meant that the state's cash balance at Bank Indonesia, the country's central bank, had risen to 430 trillion rupiah.