Government Sets 2017 Budget Deficit at Rp 332 Trillion

Economics & Macro

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19/08/2016 15:02 WIB

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Budget Deficit 2011-2017 (Revised State Budget 2016; State Budget Draft 2017)

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Budget Deficit 2011-2017 (Revised State Budget 2016; State Budget Draft 2017)

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The Indonesian government has set a budget deficit target of Rp 332.8 trillion in the 2017 State Budget Draft (RAPBN). This figure is 12.2 percent higher than the revised 2016 state budget (APBN Perubahan 2016). The 2017 budget deficit is also the largest compared to previous years.

Increased central government spending, coupled with declining tax and non-tax revenues, has led to a widening budget deficit. In the RAPBN 2017, government spending is Rp 2,070.5 trillion, while revenue only reaches Rp 1,737.6 trillion. From 2011 to 2014, the government's budget deficit consistently increased. The highest increase in the budget deficit occurred in 2012, reaching 81.6 percent.

"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."