Indonesia recorded a budget surplus of 0.74% of GDP in May 2022.

Economics & Macro

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Dzulfiqar Fathur Rahman 28/06/2022 17:00 WIB

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The Indonesian government recorded a budget surplus of Rp132.2 trillion, or 0.74% of GDP, in January–May, according to the Ministry of Finance.

Fiscal Balance as a Percentage of GDP (January–May 2018–2022)

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Indonesia recorded a budget surplus of 0.74% of GDP in May 2022.

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Fiscal Balance as a Percentage of GDP (January–May 2018–2022)

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The Indonesian government recorded a budget surplus in the first five months of the year. This surplus is in line with increased revenue amid a surge in commodity prices.

The government booked a budget surplus of Rp132.2 trillion, or 0.74% of the Gross Domestic Product (GDP), during the January-May period, according to the Ministry of Finance.

Expansion in factory activity and a rebound in household consumption, as well as robust trade growth, have boosted revenue. The surge in commodity prices also contributed to the budget surplus.

Government revenue grew by 47.3% to Rp1.07 quadrillion in the January-May period compared to the previous year.

On the other hand, government spending fell by 0.8% to Rp938.2 trillion during the same period. This decrease was partly due to the tapering of Covid-19 stimulus.

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."