Indonesia's State Budget Deficit Balloons to Rp 883.7 Trillion in November 2020

Economics & Macro

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Dwi Hadya Jayani 21/12/2020 15:59 WIB

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The Indonesian Ministry of Finance recorded a state budget deficit of Rp 883.7 trillion in November 2020.

State Revenue, State Expenditure, and the State Budget Deficit (2019 & 2020)

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Indonesia's State Budget Deficit Balloons to Rp 883.7 Trillion in November 2020

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State Revenue, State Expenditure, and the State Budget Deficit (2019 & 2020)

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The Ministry of Finance recorded a State Revenue and Expenditure Budget (APBN) deficit of Rp 883.7 trillion (5.6% of Gross Domestic Product or GDP) in November 2020. This figure is up from the same period in the previous year, which recorded a deficit of Rp 369.9 trillion.

Details show that state revenue up to November 2020 only reached Rp 1,423 trillion. This realization is only 63.7% of Presidential Regulation No. 72 of 2020. Furthermore, state revenue absorption also decreased from the same period in the previous year, which amounted to Rp 1,676.7 trillion.

Meanwhile, there was an increase in state expenditure from Rp 2,046.6 trillion in November 2019 to Rp 2,306.7 trillion. This increase was driven by allocations for handling the impact of Covid-19.

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."