Government Spending Increases by 7.3% Throughout 2024: Here's the Breakdown

Economics & Macro

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Erlina Fury Santika 07/01/2025 19:30 WIB

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The Ministry of Finance recorded state expenditure reaching Rp3,350 trillion in 2024. This figure represents a 7.3% year-on-year increase. Details are as follows:

Realization of State Expenditure Components and Total (2023-2024)

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Government Spending Increases by 7.3% Throughout 2024: Here's the Breakdown

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Realization of State Expenditure Components and Total (2023-2024)

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The Ministry of Finance (Kemenkeu) reported that state expenditure reached Rp3,350.3 trillion throughout 2024. This figure represents a 7.3% year-on-year (yoy) increase compared to the previous year's Rp3,121.2 trillion.

This expenditure reached 100.8% of the target in the State Budget (APBN) of Rp3,325.1 trillion, but only 98.2% of the mid-year report (lapsem) outlook of Rp3,412.2 trillion.

Based on its components, state expenditure is divided into two parts: central government spending and transfers to regions.

Central government spending reached Rp2,486.7 trillion in 2024, a 11% yoy increase from Rp2,239.8 trillion in 2023.

Central government spending consists of ministry/agency (K/L) spending of Rp1,315 trillion (+14.1% yoy) and non-K/L spending of Rp1,359.4 trillion (+7.7% yoy) in 2024.

Meanwhile, transfers to regions were recorded at Rp863.5 trillion in 2024, a 2% yoy decrease from Rp881.4 trillion in 2023.

"Despite the state revenue target remaining the same, albeit with a changed composition, the surge in state expenditure due to various additional spending to protect the public leads us to project a 2024 APBN deficit of Rp609.7 trillion, or 2.7% of GDP," said Finance Minister Sri Mulyani in a press conference broadcast on the Kemenkeu YouTube channel on Monday, January 6, 2025.

(Also read: 2024 APBN Deficit Rises to Rp507 Trillion)

Editor : Erlina Fury Santika

"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."