Jakarta, Nov. 3 -- Finance Minister Purbaya Yudhi Sadewa said that placing Rp200 trillion (approximately $11.97 billion) in excess budget funds (Saldo Anggaran Lebih/SAL) in state-owned banks under the Himbara group has helped increase liquidity in the national economy.

"The placement of Rp200 trillion (approximately $11.97 billion) in government funds as part of cash management has contributed to higher economic liquidity," Purbaya stated during a press conference of the Financial System Stability Committee (KSSK) here on Monday.

He explained that the impact of the policy was reflected in the growth of base money (M0), which reached 13.2 percent year-on-year.

The rise in liquidity was also supported by an accommodative monetary policy...