2018 Budget Deficit Lowest in the Last Seven Years

Economics & Macro

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04/01/2019 00:06 WIB

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The 2018 budget deficit ratio was 1.76% of GDP, the lowest since 2012.

Budget Deficit and Ratio to GDP (2012-2018)

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2018 Budget Deficit Lowest in the Last Seven Years

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Budget Deficit and Ratio to GDP (2012-2018)

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Last year's government budget deficit recorded its lowest level in the last seven years. Data from the Ministry of Finance shows that the 2018 budget deficit ratio (provisional figure) was 1.76% of Gross Domestic Product (GDP). This achievement is the lowest since 2012.

The provisional realization of last year's budget deficit was Rp 259.9 trillion, down 23.78% from the previous year's Rp 341 trillion, or 2.51% of GDP. Nominally, this budget deficit is also the lowest since 2015, as shown in the graph below.

For information, the provisional realization of state revenue throughout 2018 reached Rp 1,942.3 trillion, while state expenditure amounted to Rp 2,202.2 trillion. This means that the state budget last year experienced a deficit of Rp 259.9 trillion.

"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."