Indonesia's Ministry of Finance called for faster development of a deep, liquid and credible capital market to help meet Indonesia's 2027 investment needs. Deputy Finance Minister Juda Agung said private sources, including banks and capital markets, must provide IDR 7,973 trillion, or about 91% of the required financing, as the state budget can provide about IDR 459 trillion and state-owned enterprises, including Danantara, another IDR 330 trillion. The ministry urged the industry to broaden the investor base and range of instruments, increase liquidity and strengthen governance. Capital markets raised more than IDR 125 trillion in the first half of 2026 and had 28 million investors. Juda welcomed capital market integrity reforms being pursued by the Indonesia Financial Services Authority and Bank Indonesia, as well as the launch of a gold exchange-traded fund, while stressing that its physical gold backing requires robust custody, valuation and transaction accountability.
Ministry of Finance (Indonesia)2026-08-10
Indonesia's Ministry of Finance urges capital market deepening to support IDR 7,973 trillion in private financing
Indonesia's Ministry of Finance urged faster capital market deepening to help supply IDR 7,973 trillion, or about 91%, of Indonesia's 2027 investment financing needs from private sources. It called for a broader investor base, more instruments, stronger liquidity and better governance, while emphasizing robust safeguards for the newly launched physical gold-backed exchange-traded fund.