Indonesia's State Budget Deficit Increased by 170% in September 2020

Economics & Macro

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Dimas Jarot Bayu 20/10/2020 15:50 WIB

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The Indonesian state budget deficit reached Rp682.1 trillion by September 2020, equivalent to 4.16% of the Gross Domestic Product (GDP).

Actual Revenue, Expenditure, and APBN Deficit

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Indonesia's State Budget Deficit Increased by 170% in September 2020

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Actual Revenue, Expenditure, and APBN Deficit

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The Ministry of Finance recorded a state budget deficit of Rp 682.1 trillion by September 2020, equivalent to 4.16% of the Gross Domestic Product (GDP). The budget deficit increased by 170% compared to last year's realization of only Rp 252.41 trillion or 1.57% of GDP.

The large deficit occurred because government spending surged to Rp 1,841.1 trillion, a year-on-year increase of 15.5%. Meanwhile, state revenue was recorded at Rp 1,159 trillion, down 14.9% compared to the same period last year.

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."