First Quarter, State Budget Deficit Rp 105 Trillion

18/04/2017 16:12 WIB

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Government Revenue and Expenditure Realization, First Quarter 2017

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First Quarter, State Budget Deficit Rp 105 Trillion

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Government Revenue and Expenditure Realization, First Quarter 2017

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The Indonesian State Budget (APBN) in the first quarter of 2017 experienced a deficit of Rp 104.9 trillion, or 0.77 percent of the Gross Domestic Product (GDP). This figure is lower than the first quarter of the previous year, where the deficit reached Rp 143.4 trillion, or 1.13 percent of GDP.

The deficit occurred because government revenue in the first three months of 2017 was only Rp 295.1 trillion, or 16.9 percent of the APBN target, while state expenditure reached Rp 400 trillion, or 19.2 percent of the target. Government revenue in the first quarter of 2016 amounted to Rp 247.5 trillion, or 13.9 percent of the 2016 APBN target, while state expenditure reached Rp 390.9 trillion.

"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."