The Provincial Government of DKI Jakarta (Pemprov DKI) and the Ministry of Finance (Kemenkeu) of the Republic of Indonesia have agreed to synchronize fiscal policies following the reduction of revenue-sharing funds (DBH) from the central government. The two parties also plan to promote creative financing through the Jakarta Collaboration Fund to ensure sustainable development. The agreement was announced after a meeting between Governor of DKI Jakarta, Pramono Anung, and Minister of Finance, Purbaya Yudhi Sadewa, at Jakarta City Hall on Tuesday (Oct 7). Both sides affirmed that fiscal alignment is crucial to maintaining balance between national and regional budgets amid tightening fiscal space.
Pramono explained that the city government would fully comply with the central government’s fiscal direction and adjust the 2026 Regional Budget (APBD) accordingly. With the revised APBD decreasing from Rp95 trillion to Rp79 trillion, Jakarta will implement various creative financing strategies. Among them are the establishment of the Jakarta Collaboration Fund, the issuance of regional bonds, and the utilization of Rp200 trillion in liquidity through state-owned banks (Bank Himbara) to strengthen local enterprises. Pramono emphasized that this adjustment would not affect the salaries of civil servants or contract employees, but new recruitments in 2026 may be limited due to fiscal constraints.
Pramono also revealed plans to develop the Bank Jakarta building in the SCBD area by optimizing state-owned land managed by the Ministry of Finance. This project is envisioned as a symbol of central–local collaboration to attract investment and position Jakarta as a regional financial hub in Southeast Asia.
Pramono stated that the initiative would enhance the city’s economic competitiveness while supporting the national vision for sustainable growth. He expressed hope that the project would receive formal approval from the Ministry, highlighting its potential to generate jobs and boost investor confidence.
Purbaya commended Jakarta’s commitment to align with the central government’s fiscal policy and viewed the DBH adjustment as a necessary measure given national fiscal limitations. He indicated that if state revenues continue to grow by mid-2026, partial fiscal transfers could be reinstated to regional governments, including Jakarta. The Minister also endorsed the Bank Jakarta project, calling it a practical economic stimulus that requires no direct funding from the central budget. He further confirmed that additional financing through Bank Himbara could be executed under a business-to-business scheme, allowing Bank Jakarta to expand credit access for small and medium enterprises while fostering inclusive growth across the capital region.
Alexander Jason – Redaksi
