Indonesia's State Budget Records Another Surplus of Rp19.7 Trillion in February 2022

Indonesia's State Revenue and Expenditure Budget (APBN) recorded a surplus again in February 2022. According to the Ministry of Finance's report, the APBN surplus reached Rp19.7 trillion, equivalent to 0.11% of the Gross Domestic Product (GDP).

This APBN surplus increased by 131% compared to the same period the previous year. In February 2021, Indonesia's APBN experienced a deficit of Rp63.3 trillion.

This APBN surplus was achieved due to state revenue exceeding state expenditure. The Ministry of Finance recorded state revenue at Rp302.4 trillion in February 2022, while state expenditure was Rp282.7 trillion.

State revenue increased by 37.7% from February 2021, which was Rp219.6 trillion. The details are as follows: tax revenue amounted to Rp199.4 trillion; customs and excise revenue reached Rp56.7 trillion; and non-tax state revenue (PNBP) reached Rp46.2 trillion.

Meanwhile, state expenditure realization in February 2022 decreased slightly by 0.1% compared to February 2021, which was Rp282.9 trillion. The details are as follows: central government expenditure reached Rp172.2 trillion; and transfers to regions and village funds (TKDD) reached Rp110.5 trillion.

The primary balance also recorded a surplus of Rp61.7 trillion as of February 2022, an improvement from Rp49.4 trillion the previous month.

Finance Minister Sri Mulyani stated that the achievement in state revenue performance reflects a strong economic recovery across all sectors. She added that the surge in commodity prices also significantly contributed to the increase in state revenue.