Indonesia's parliament approved rules allowing Danantara, the country's sovereign wealth fund run by the executive branch, to issue special bonds to help fund the government's spending priorities, Bloomberg reported on June 26. Investors who buy those bonds directly from Danantara will receive protection from criminal, tax and civil claims involving the money they invest, and records of their bond purchases cannot be used for tax assessments or as court evidence.

The bond protections come as Subianto, whose governing coalition dominates parliament, is leaning on Danantara to fund infrastructure, strategic investments, military modernization and flagship welfare programs while keeping the formal budget deficit below Indonesia's 3% legal ceiling. They also fit into a broader state-led push for financing and control that includes newly centralized export oversight and the military's growing role in administrative affairs.