IDR 493.5 Trillion Budget for Social Protection in the 2024 State Budget, Focused on Eliminating Extreme Poverty

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Nabilah Muhamad 21/08/2023 19:15 WIB

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The Indonesian government has allocated Rp493.5 trillion (approximately US$32.9 billion based on current exchange rates, but the exact figure depends on the date of translation) for social protection

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IDR 493.5 Trillion Budget for Social Protection in the 2024 State Budget, Focused on Eliminating Extreme Poverty

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Social Protection Budget (2019-2024*)

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The Indonesian government has allocated Rp493.5 trillion (approximately US$32.5 billion based on current exchange rates) for social protection in the 2024 State Budget (RAPBN). This figure represents a 12.4% increase compared to the 2023 outlook of Rp439.1 trillion.

Finance Minister Sri Mulyani explained that the 2024 social protection budget will prioritize the eradication of extreme poverty. "This is a commitment to reducing extreme poverty and improving support for the bottom 40% of the population," Sri Mulyani stated during a RAPBN press conference at the Ministry of Finance's Directorate General of Taxes, as reported by Kontan.co.id on Wednesday, August 16, 2023.

According to the 2024 Financial Note, the majority of next year's social protection budget will be allocated through central government spending (BPP). Specifically, Rp156.07 trillion will be channeled through ministries/agencies (K/L), and Rp326.7 trillion will be allocated through non-K/L spending.

Meanwhile, Rp10.6 trillion will be allocated through regional transfers (TKD).

The following details the breakdown of the social protection budget in the 2024 RAPBN:

* Family Hope Program (PKH) and Sembako Card: Rp81.2 trillion
* Indonesia Pintar Program (PIP), Indonesia Smart Card (KIP), worker insurance contributions, and other social assistance: Rp82.3 trillion
* Non-energy subsidies: Rp114.3 trillion
* Energy subsidies (electricity, fuel, and LPG): Rp185.9 trillion

Historically, the highest allocation was in 2020, reaching Rp498 trillion, coinciding with the initial outbreak of the Covid-19 pandemic. Subsequently, the budget decreased to Rp468.2 trillion in 2021; Rp460.6 trillion in 2022; and the 2023 outlook shows an allocation of only Rp439.1 trillion.

The 2024 Financial Note states, "Entering 2023, the government is undertaking preparations for the transition from pandemic to endemic, in line with the improvement in the Covid-19 pandemic situation."

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."

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IDR 493.5 Trillion Budget for Social Protection in the 2024 State Budget, Focused on Eliminating Extreme Poverty

IDR 493.5 Trillion Budget for Social Protection in the 2024 State Budget, Focused on Eliminating Extreme Poverty

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Jakarta's Poverty Rate 2025, Thousand Islands Highest

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Yogyakarta is projected to be the most loneliness-prone city in Indonesia in 2025.

Indonesia's Net Tax Decreased 4.39% YoY in September 2025

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IDR 493.5 Trillion Budget for Social Protection in the 2024 State Budget, Focused on Eliminating Extreme Poverty

IDR 493.5 Trillion Budget for Social Protection in the 2024 State Budget, Focused on Eliminating Extreme Poverty

Tags

Related Data

Jakarta's Poverty Rate 2025, Thousand Islands Highest

Public Rates Central Government's Economic Performance as Poor (September 2025)

OIKN Budget Realization Only 55.9% of Ceiling as of November 2025

Yogyakarta is projected to be the most loneliness-prone city in Indonesia in 2025.

Indonesia's Net Tax Decreased 4.39% YoY in September 2025

Social Assistance Disbursement Reached IDR 147.2 Trillion as of October 2025, Here's Its Allocation

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