The 2023 State Budget Deficit Will Be Targeted Below 3%

Economics & Macro

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Dwi Hadya Jayani 05/06/2020 15:37 WIB

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The 2021 state budget deficit was still 4.2%. This was then gradually reduced to 3.6% in 2022, and further reduced to below 3% in 2023, specifically 2.7%.

Indonesia's State Budget Deficit 2015-2023

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The 2023 State Budget Deficit Will Be Targeted Below 3%

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Indonesia's State Budget Deficit 2015-2023

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In 2020, the projected State Budget (APBN) deficit widened from 5.07% to 6.3%. Febrio Kacaribu, Head of the Fiscal Policy Agency at the Ministry of Finance, explained that efforts to reduce the APBN deficit are being carried out gradually. A sudden drop to 3% in 2021 would endanger the economy.

The APBN deficit in 2021 remained at 4.2%. It was then gradually reduced to 3.6% in 2022, and finally fell below 3% in 2023, reaching 2.7%.

Editor : Safrezi Fitra

"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."