Finance Ministry has no plans to buy shares in Indonesia Stock Exchange

Indonesia's Ministry of Finance currently has no plans to take ownership stakes in the Indonesia Stock Exchange (IDX), according to Finance Minister Purbaya Yudhi Sadewa. His statement addresses recent regulatory changes that permit the ministry, along with Bank Indonesia and the Investment Management Agency Danantara, to become shareholders in the IDX.

"As of now, there are no plans," Purbaya told reporters on Tuesday in Tanjung Priok, Jakarta. This clarification follows the enactment of Law Number 4 of 2026, which amends Law Number 4 of 2023 on Financial Sector Development and Strengthening (P2SK). The amendment, passed on June 4, 2026, specifically allows these state institutions to hold shares in the IDX.

However, the law stipulates that any state ownership must preserve the IDX's independence as Indonesia's capital market authority. The IDX is structured as a limited liability company, with its shares held by various non-affiliated business entities. The law also outlines provisions for the IDX's professional management, emphasizing principles of accountability, transparency, effectiveness, efficiency, and fairness.

Despite the new legal framework enabling state participation, the Ministry of Finance appears to be taking a cautious approach. This comes as the government reported a budget deficit of Rp180.4 trillion, or 0.70 percent of GDP, by the end of May 2026. While acknowledging increased spending, the ministry asserts that the nation's fiscal condition remains stable, largely due to robust tax collections.

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Until now, there are no plans.