JAKARTA - US President Donald Trump has ordered the establishment of a Sovereign Wealth Fund (SWF) within the next year.

The order was delivered by Trump at the White House on Monday (3/2) yesterday. "So other countries already have SWFs and most of them are smaller countries than the US. While the US has much greater potential," Trump said.

In his brief presentation, Trump did not explain in detail the formation of the SWF. "With the investment fund, we will do something, maybe with [the acquisition of] TikTok," Trump said.

The plan is also in line with signals from Trump, who has spoken to a number of parties, regarding the planned acquisition of TikTok after being inaugurated as US President on January 20, 2025.

So far, SWF is known as a state investment fund that is managed separately from foreign exchange reserves. These investment funds are usually owned by countries whose budgets record surpluses.  

Meanwhile, the US state budget in recent years has recorded a deficit. In 2024, the US budget deficit even reached US$1.83 trillion, up USD 138 billion from the previous year. (KR/LM)