"Our financial system is slowing down somewhat. In the last two years, people have had difficulty finding work due to policy errors, both monetary and fiscal. I see the Finance Ministry as having a role in that," Sadewa said after a working meeting with Commission XI of the House of Representatives (DPR) in Jakarta on Wednesday.
He said the main factor hampering growth is the slow disbursement of government spending, which has drained liquidity from the financial system.
"The government regularly collects taxes and deposits them at the central bank. It would be fine if the money is later used, but that is not the case," Sadewa noted.
He explained that the funds will be used to improve coordination between monetary and fiscal policy.
From the monetary side, the money will be injected into banks to increase liquidity.
"Banks will then need to consider how to channel these funds to minimize their cost of funds while seeking higher returns. I am forcing the market mechanism to operate by giving them the resources," he said.
From the fiscal side, he pledged to speed up government spending to stimulate growth. He plans to review disbursement procedures at ministries and agencies and intervene if bottlenecks occur.
Sadewa stressed that economic agents act independently, beyond government control. His strategy is to create conditions that allow them to thrive, rather than attempting to dominate, he said.
He expressed confidence that aligning fiscal and monetary measures would maximize their effectiveness. If proven successful, the policy will be extended, with coordination between the Finance Ministry and BI to ensure sustainability.
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Translator: Imamatul Silfia, Resinta Sulistiyandari
Editor: Anton Santoso
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