October's State Budget Deficit Reaches Rp 765 Trillion

Economics & Macro

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Dimas Jarot Bayu 24/11/2020 16:13 WIB

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The 2020 Indonesian state budget deficit reached Rp764.9 trillion, equivalent to 4.67% of GDP, by October.

Actual Revenue, Expenditure, and APBN Deficit

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October's State Budget Deficit Reaches Rp 765 Trillion

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Actual Revenue, Expenditure, and APBN Deficit

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The Ministry of Finance recorded a state budget deficit (APBN) of Rp 764.9 trillion until October 2020. This figure is equivalent to 4.67% of the Gross Domestic Product (GDP), but remains below the government's target of 6.34% of GDP by the end of the year.

The large deficit occurred because state expenditure reached Rp 2,041.8 trillion, up 13.6% compared to the same period last year at Rp 1,797.7 trillion. Meanwhile, state revenue realization was recorded at Rp 1,276.96 trillion, down 15.4% from Rp 1,508.5 trillion.

Editor : Muhammad Ahsan Ridhoi

"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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October's State Budget Deficit Reaches Rp 765 Trillion

October's State Budget Deficit Reaches Rp 765 Trillion

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October's State Budget Deficit Reaches Rp 765 Trillion

October's State Budget Deficit Reaches Rp 765 Trillion

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