Indonesia's State Budget Deficit Reaches Rp 179.62 Trillion by May 2020
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State revenue up to May 31, 2020, reached Rp 664.3 trillion, down 9.02% from the same period in the previous year. Government spending also decreased by 1.4% to Rp 843.9 trillion. As a result, the state budget deficit reached Rp 179.6 trillion, up 42.8% from the same period in the previous year, which was Rp 125.8 trillion. This deficit represents 1.1% of the Gross Domestic Product (GDP).
In detail, Indonesia's domestic revenue amounted to Rp 663.1 trillion, and grant revenue was Rp 1.2 trillion. Meanwhile, the allocation of state expenditure for central government spending was Rp 537.3 trillion, while transfers to regions and village funds amounted to Rp 306.6 trillion.
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