The 2023 State Budget for Education is the Highest in History

Economics & Macro

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Erlina Fury Santika 14/02/2023 20:33 WIB

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The education budget of Rp612.2 trillion from the APBN is the largest in the last five years. Finance Minister Sri Mulyani even called it the largest in history.

Education Budget Based on the State Budget (2012-2023)

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The 2023 State Budget for Education is the Highest in History

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Education Budget Based on the State Budget (2012-2023)

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The 2023 education budget allocated from the State Revenue and Expenditure Budget (APBN) reached Rp612.2 trillion. This is the highest amount ever. This was announced by the Minister of Finance, Sri Mulyani.

"For the first time in our history, our education budget has exceeded Rp600 trillion, reaching Rp612.2 trillion," explained Sri Mulyani, as reported by *CNBC Indonesia* during the Mandiri Investment Forum 2023 on Thursday (2/2/2023).

Based on data from the Ministry of Finance, this figure represents a 5.8% increase from the previous allocation of Rp574.9 trillion.

Of this amount, Rp237.1 trillion was used for central government spending. This includes the Smart Indonesia Program (PIP) for 20.1 million students and the Smart Indonesia Card (KIP) for college for 994,300 students. In addition, there were professional allowances for 553,500 non-civil servant teachers.

Meanwhile, Rp305.6 trillion was allocated as regional transfers for Operational School Assistance (BOS) to 43.7 million students, Operational Assistance for Early Childhood Education (PAUD) to 6.2 million students, and Operational Assistance for equivalent education to 806,000 students.

The remaining Rp69.5 trillion was allocated to the education, research, higher education, and culture endowment fund.

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."