ID :
21494
Fri, 09/26/2008 - 21:10
Auther :
Shortlink :
http://m.oananews.org//node/21494
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BI EXPECTING RP4.9-TRILLION SURPLUS IN 2008 BALANCE SHEET
Jakarta, Sept 26 (ANTARA) - Bank Indonesia (BI) expects its 2008 financial report to show a surplus of Rp4.9 trillion as a result of a decrease in its monetary burden, particularly in its obligation to pay interest on BI certificates (SBI), BI Deputy Governor Ardhayadi said.
"Our SBI burden has decreased so we expect to our financial balance sheet to continue showing a surplus until the end of the year," Ardhayadi said here on Friday.
He said that for 2009, the central bank was not yet able to predict its financial situation in connection with the current economic outlook.
"This is because one of the tasks of BI is to stabilize the exchange rate of the rupiah through market operations," he said.
Besides, there will also be two additional burdens in the BI balance sheet in 2009. The first is the remuneration payment on the government's account at BI and the second is a 28-percent tax imposed on BI surpluses based on the new law on income tax.
Ardhayadi said that the payment for the government's account at BI is at present still under a deliberation, particularly the percentage of its tax. "It is being discussed and will later be decided through a memorandum of understanding (MoU) between the government and the central bank," he said.
The chairman of BI's Financial System Team, Mubarakah said the imposition of the 28 percent income tax on BI's surplus would affect the establishment of BI's capital.
"The strength of BI's capital could be weakened because the allocation of the surplus for equity reserves will decline," he added.
"Our SBI burden has decreased so we expect to our financial balance sheet to continue showing a surplus until the end of the year," Ardhayadi said here on Friday.
He said that for 2009, the central bank was not yet able to predict its financial situation in connection with the current economic outlook.
"This is because one of the tasks of BI is to stabilize the exchange rate of the rupiah through market operations," he said.
Besides, there will also be two additional burdens in the BI balance sheet in 2009. The first is the remuneration payment on the government's account at BI and the second is a 28-percent tax imposed on BI surpluses based on the new law on income tax.
Ardhayadi said that the payment for the government's account at BI is at present still under a deliberation, particularly the percentage of its tax. "It is being discussed and will later be decided through a memorandum of understanding (MoU) between the government and the central bank," he said.
The chairman of BI's Financial System Team, Mubarakah said the imposition of the 28 percent income tax on BI's surplus would affect the establishment of BI's capital.
"The strength of BI's capital could be weakened because the allocation of the surplus for equity reserves will decline," he added.
