OJK Denies 2025 Budget Deficit Rumors, Cites Regulatory Transition Impact

Indonesia's financial watchdog, the Otoritas Jasa Keuangan (OJK), has refuted claims of a budget deficit for 2025. The authority attributes the reported figures to accounting practices during a regulatory transition period, not to financial shortfalls.

Hernawan Bekti Sasongko, Deputy Chairman of the OJK Board of Commissioners, clarified that the numbers reflect the accrual basis and general accounting standards applied during the transition to the new Financial Sector Development and Strengthening Law (UU P2SK). "What is presented in the OJK financial report for 2025 is the impact of recognizing transactions and events in accordance with the accrual basis and generally accepted accounting standards," he stated.

Under the new law, the recognition of collected fees has changed. Previously, fees collected would fund the following year's budget. Now, fees collected in a given year are used for that same year's budget. This shift means the 2025 budget is funded by collections from both 2024 and 2025. Sasongko emphasized that even with this adjustment, the OJK, operating within its approved budget of Rp11.557 trillion, has maintained efficiency and achieved a budget surplus.

This surplus, he explained, can be carried over to the next fiscal year or used as funding for 2026. The apparent deficit in the 2025 comprehensive income report, which shows a pre-tax deficit of Rp335.21 billion and a post-tax deficit of Rp1.8 trillion, is a result of accounting recognition rules. Sasongko reiterated that this presentation does not indicate operational deficits or inefficient financial management by the OJK.