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Story summary
- Indonesia's Finance Ministry will withdraw 75 trillion rupiah ($5.2 billion) from state-owned banks to fund government spending and regional transfers.
- Finance Minister Purbaya Yudhi Sadewa said the previous initiative had limited success boosting bank lending.
- The funds will be spent immediately to stimulate the economy without disrupting money circulation.
- Analysts say the shift could have a larger impact than leaving funds idle.
- State bank stocks fell after the announcement.
