2017 Deficit, Highest Since 2009

Economics & Macro

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30/08/2016 17:48 WIB

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Budget Deficit as a Percentage of GDP 2009-2017 (2017 State Budget)

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Budget Deficit as a Percentage of GDP 2009-2017 (2017 State Budget)

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In the 2017 State Budget, the government targeted a budget deficit of 2.63 percent, or Rp 332.84 trillion. This figure is the highest since 2009, both in percentage and rupiah terms. Due to high government spending and debt payments amidst sluggish revenue, the government increased the 2017 budget deficit target.

The lowest budget deficit target was recorded in the 2015 Revised State Budget (APBNP), namely 1.9 percent with a value of Rp 222.5 trillion. The reduction in state spending to Rp 1,984.1 trillion from the previous target of Rp 2,039.5 trillion resulted in a 2015 deficit target below 2 percent. However, the actual 2015 government spending deficit was quite high, at 2.36 percent.

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