2018 Budget Deficit Realization of Rp 269 Trillion

Economics & Macro

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Viva Budy Kusnandar 05/07/2019 10:00 WIB

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The budget deficit was equivalent to 1.81% of the Gross Domestic Product (GDP), the lowest since 2012.

Budget Deficit Realization and Percentage of GDP (2018-2019E)

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Budget Deficit Realization and Percentage of GDP (2018-2019E)

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The House of Representatives (DPR) has approved the Government Accountability Bill (RUU) on the implementation of the 2018 State Budget (APBN).

According to the Ministry of Finance's data, state revenue realization in 2018 amounted to Rp 1,943.7 trillion, while state expenditure reached Rp 2,213.1 trillion. As a result, the government budget recorded a deficit of Rp 269.4 trillion. This figure is equivalent to 1.81% of the Gross Domestic Product (GDP), the lowest since 2012, as shown in the graph below.

This year, the government is targeting a budget deficit of Rp 296 trillion, or 1.84% of GDP. For 2020, the targeted deficit is 1.6-1.7% of GDP, and 1.5-1.7% of GDP in 2021.

Editor : Hari Widowati

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