2024 Social Assistance Budget Increased by Rp10 Trillion

Economics & Macro

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Adi Ahdiat 03/01/2024 13:42 WIB

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In the 2024 State Budget (APBN), the government has allocated Rp157.3 trillion for social assistance (bansos), an increase of approximately Rp10.8 trillion compared to 2023.

Indonesia's Social Assistance Budget in the National Budget (2014-2024)

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2024 Social Assistance Budget Increased by Rp10 Trillion

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Indonesia's Social Assistance Budget in the National Budget (2014-2024)

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In the 2024 State Budget (APBN), the government has allocated Rp157.3 trillion for social assistance (bansos).

This represents an increase of approximately Rp10.8 trillion, or 7.4%, compared to the outlook for the realization of social assistance spending in 2023.

Despite the increase, the 2024 social assistance budget is not as high as it was during the Covid-19 pandemic.

At the beginning of the pandemic in 2020, the social assistance budget surged to Rp200 trillion, the highest in history.

Then, in 2021-2022, the APBN allocation for social assistance gradually decreased as Covid-19 transmission subsided.

Nevertheless, the allocation for social assistance in 2024 remains higher than before the pandemic, as shown in the graph.

In 2024, the social assistance budget will be used for various programs, such as direct cash assistance (BLT), basic food assistance, and social rehabilitation programs for vulnerable groups.

This year, the government also aims to improve the non-cash social assistance disbursement mechanism to facilitate beneficiaries and increase financial inclusion.

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."