2019 Budget Deficit Ratio: Lowest in the Last Five Years

Economics & Macro

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20/08/2018 11:17 WIB

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In the 2019 State Budget, the government targeted a budget deficit of Rp 297.2 trillion, or 1.84% of the Gross Domestic Product (GDP).

Budget Deficit and Budget Deficit Ratio to GDP (2014-2019E)

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2019 Budget Deficit Ratio: Lowest in the Last Five Years

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Budget Deficit and Budget Deficit Ratio to GDP (2014-2019E)

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In the 2019 State Budget (RAPBN), the government targets a budget deficit of Rp 297.2 trillion, or 1.84% of the Gross Domestic Product (GDP). This percentage is the lowest in the last five years.

In 2014, the realized budget deficit reached 2.25% of GDP, and in 2015 it increased to 2.59%. Then, in 2017, it decreased to 2.51% of GDP, and based on the 2018 outlook, the budget deficit was 2.12% of GDP.

The domestic economy next year is predicted to grow by 5.3%, higher than the 2018 outlook of 5.2%, but lower than the 2018 State Budget target of 5.4%. Based on the 2019 financial note submitted by the government to the House of Representatives (DPR), state expenditure is set at Rp 2,439.7 trillion, while state revenue is Rp 2,142.5 trillion.

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