Enviro News Asia, Jakarta – The government continues to strive for sustainable development and to strengthen national economic resilience, one of which is through optimizing the utilization of natural resources (SDA). In line with this effort, the management of Export Proceeds (DHE) is specifically regulated for strategic sectors, particularly SDA.
In 2024, Indonesia’s export value in the trade balance reached USD 264.7 billion, with 62.7% coming from SDA, which is required to report its DHE. To address this, the government has issued Government Regulation No. 8 of 2025 as an amendment to Government Regulation No. 36 of 2023 concerning Export Proceeds from the Exploitation, Management, and/or Processing of Natural Resources.
“This natural resource export proceeds need to be regulated so that it can contribute to the national economy, considering that 62.7% of our total exports come from this sector,” said Secretary of the Coordinating Ministry for Economic Affairs, Susiwijono Moegiarso, during the Socialization of Government Regulation No. 8 of 2025 on Friday (28/02/2025).
In a press release from the Coordinating Ministry for Economic Affairs on Saturday, March 1, 2025, Deputy for Coordination of Business Management and Development of State-Owned Enterprises, Ferry Irawan, outlined several key changes in Government Regulation No. 8 of 2025. These include an increased percentage of DHE placement, an extended placement period, and an expansion of the utilization of SDA DHE during the retention period in a special foreign exchange account (reksus). For non-oil and gas commodities, a 100% retention requirement applies for 12 months, while for oil and gas, the retention remains at 30% for three months, as stipulated in Government Regulation No. 36 of 2023.
Another change specifically for non-oil and gas sectors is that SDA DHE can be utilized during the retention period as long as it remains in the foreign exchange special account for conversion to rupiah at the same bank, following Bank Indonesia’s regulations. This also includes exchange mechanisms for customers of the Indonesian Export Financing Agency (LPEI), which will be regulated by Bank Indonesia. Additionally, the regulation covers foreign exchange payments for government obligations, foreign currency dividend payments, imports of raw materials, auxiliary goods, and capital goods that are unavailable or only partially available domestically, and loan repayments for capital goods procurement in foreign currency. Exporters must provide banks or LPEI with proof of DHE SDA usage for foreign exchange payments and a declaration of DHE SDA usage for goods and services procurement as well as loan repayments.
Furthermore, another key change allows exporters to use SDA DHE and deduct it from their mandatory DHE SDA placement obligations.
The revised placement obligations and expanded use of non-oil and gas SDA DHE will impact the supervision mechanism. The placement obligation for non-oil and gas sectors can now be monitored at any time through post-audit inspections by banks and LPEI in accordance with prevailing regulations. Once Government Regulation No. 8 of 2025 takes effect, exporters undergoing compliance audits under Government Regulation No. 36 of 2023 will be considered to have fulfilled all their obligations.
Among the attendees at the event were Noor Faisal Achmad, Head of the Macroeconomic Policy Center at the Ministry of Finance; Riza Tyas Utami Hirsam, Head of the Statistics Department at Bank Indonesia; and Tony, Director of Banking Regulation and Development at the Financial Services Authority (OJK).
