Jakarta –
The Fiscal Policy Agency (BKF) of the Ministry of Finance (Kemenkeu) estimates that public funds or third party funds (DPK) in banks will reach Rp 700 trillion.
“Currently, we predict that there are around Rp 600 to Rp 700 trillion in third party funds that can be said to have piled up in banks,” said Head of BKF Ministry of Finance Febrio Kacaribu in a virtual discussion, Monday (4/4/2022).
It is hoped that the public’s confidence in shopping will increase so that the funds that have accumulated in the bank can rotate.
“We hope that with confidence starting to improve, people will start to feel comfortable buying electronics, buying clothes, traveling and also buying motorized vehicles for example, we hope that later the transmission will be good into our economy,” he said.
Third-party funds in banking have experienced an increasing trend since October 2021, where September was only 7.69%, October was 9.44%, November was 10.48%, and December was 12.21%.
Usually from the additional liquidity that occurs due to high commodity prices, according to him, it will flow to public consumption, especially farmers who enjoy rising commodity prices, and also indirectly the economy around the sector.
“So usually we will see with high-priced commodities, motor vehicle sales will also be high, TV sales will also be high, the average electronic sales will also be high,” he added.
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(toy/zlf)
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