Government Spending Reaches Rp518 Trillion in March 2023: Here's the Biggest Expenditure

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Cindy Mutia Annur 18/04/2023 17:10 WIB

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The Ministry of Finance (MoF) recorded state expenditure realization in the state budget (APBN) reaching Rp518.7 trillion in March 2023.

Indonesia's State Expenditure Realization (March 2022-March 2023)

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Government Spending Reaches Rp518 Trillion in March 2023: Here's the Biggest Expenditure

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Indonesia's State Expenditure Realization (March 2022-March 2023)

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The Ministry of Finance (Kemenkeu) recorded that state expenditure in the State Budget (APBN) reached Rp518.7 trillion in March 2023. This realization increased by 5.7% compared to the same period last year (year-on-year/yoy).

The realization of expenditure in March 2023 only reached 16.9% of the target for this year's APBN expenditure, which totals Rp3,061.2 trillion.

Based on its components, in March 2023, the realization of central government expenditure reached Rp347.3 trillion. This component consists of ministry/agency (K/L) expenditure and non-K/L expenditure.

In March 2023, the largest state expenditure was non-K/L expenditure, valued at Rp180.3 trillion, up 9.8% (yoy). This expenditure item is mainly for pension payments, debt interest payments, and subsidy disbursement.

Meanwhile, the realization of K/L expenditure as of March 2023 reached Rp166.9 trillion, up 11.3% (yoy). This item was used for accelerating the disbursement of Operational School Assistance (BOS), the disbursement of the Family Hope Program (PKH) and Sembako Cards, the disbursement of contribution assistance for PBI JKN participants, disaster assistance, dam and irrigation construction, as well as procurement of equipment/machinery, road maintenance, and K/L operations.

Then, the realization of transfer expenditure to regions (TKD) amounted to Rp171.4 trillion, down 2.9% (yoy).

On the other hand, in March 2023, state revenue grew by 29% (yoy) to Rp647.2 trillion. This higher revenue compared to expenditure resulted in an APBN surplus of Rp128.5 trillion. The surplus is equivalent to 0.61% of the Gross Domestic Product (GDP).

Editor : Adi Ahdiat

"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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Government Spending Reaches Rp518 Trillion in March 2023: Here's the Biggest Expenditure

Government Spending Reaches Rp518 Trillion in March 2023: Here's the Biggest Expenditure

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Government Spending Reaches Rp518 Trillion in March 2023: Here's the Biggest Expenditure

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