Sri Mulyani Reveals 0.8% Drop in State Spending as of May 2022

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Cindy Mutia Annur 24/06/2022 16:40 WIB

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Finance Minister Sri Mulyani stated that state expenditure realization reached Rp938.2 trillion by May 2022. This figure is down 0.8% compared to the same period last year.

Indonesia's State Expenditure Realization (May 2021 & 2022)

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Sri Mulyani Reveals 0.8% Drop in State Spending as of May 2022

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Indonesia's State Expenditure Realization (May 2021 & 2022)

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Finance Minister Sri Mulyani stated that the realization of state expenditure reached Rp938.2 trillion by May 2022. This figure is only 34.6% of the expenditure target in the State Budget (APBN) of Rp2,714.2 trillion.

“(State expenditure) is still contracting by 0.8%. The deepest contraction is from TKDD (Transfers to Regions and Village Funds),” said Sri at the APBN Kita press conference on Thursday (23/6/2022).

Based on the Ministry of Finance's report, the realization of TKDD until the fifth month of this year amounted to Rp284.3 trillion. This amount decreased by 4.6% compared to the previous year's figure of Rp298 trillion.

Next, the realization of central government expenditure (BPP) amounted to Rp653.9 trillion by May 2022, or grew by 1% from the same period last year, which was Rp647.6 trillion.

Meanwhile, the realization of state revenue was recorded at Rp853.6 trillion until last month. Tax revenue contributed the largest portion to state revenue, namely Rp567.7 trillion.

With the larger realization of revenue compared to state expenditure, Indonesia experienced a state budget surplus of Rp132.2 trillion by May 2022. This figure reached 0.74% of the Gross Domestic Product (GDP).

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Sri Mulyani Reveals 0.8% Drop in State Spending as of May 2022

Sri Mulyani Reveals 0.8% Drop in State Spending as of May 2022

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Sri Mulyani Reveals 0.8% Drop in State Spending as of May 2022

Sri Mulyani Reveals 0.8% Drop in State Spending as of May 2022

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