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November 2024 State Budget Deficit Increases Eightfold Compared to Last Year

Adi Ahdiat 12/12/2024 14:13 WIB

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According to the Ministry of Finance's report, the Indonesian state budget (APBN) recorded a deficit of Rp401.8 trillion by November 2024, approximately eight times larger than in November of the prev

Design and Realization of the State Budget Deficit as of November 30 (2023-2024)

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November 2024 State Budget Deficit Increases Eightfold Compared to Last Year

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Design and Realization of the State Budget Deficit as of November 30 (2023-2024)

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Indonesia's state budget deficit (APBN) has surged this year compared to last year.

According to the Ministry of Finance's report, the 2023 APBN was projected to have a deficit of Rp479.9 trillion. However, the actual deficit as of November 30, 2023, was only Rp49.6 trillion, equivalent to 0.24% of the Gross Domestic Product (GDP).

This year, the APBN was projected to have a deficit of Rp522.8 trillion, and the actual deficit as of November 30, 2024, has reached Rp401.8 trillion, equivalent to 1.81% of GDP.

Compared to the same period last year, the realized APBN deficit as of November 30, 2024, is approximately eight times larger.

The widening of this year's APBN deficit is influenced by a significant increase in government spending, while revenue has only increased slightly.

State revenue realization from January to November 2024 reached Rp2,492.7 trillion, growing by 1.3% year-on-year (yoy).

On the other hand, state expenditure realization until November 2024 increased by 15.3% (yoy) to Rp2,894.5 trillion.

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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November 2024 State Budget Deficit Increases Eightfold Compared to Last Year

November 2024 State Budget Deficit Increases Eightfold Compared to Last Year

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New MBG Budget Realization Absorbed by 61.23% as of Early November 2025

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Indonesia's State Budget Deficit at Rp560.3 Trillion in November 2025

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November 2024 State Budget Deficit Increases Eightfold Compared to Last Year

November 2024 State Budget Deficit Increases Eightfold Compared to Last Year

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State Expenditure Reaches Rp2,911 Trillion as of November 2025

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