First Quarter 2018, State Budget Deficit Rp 85 Trillion

The realization of the State Revenue and Expenditure Budget (APBN) deficit in the first quarter of 2018 reached Rp 85.8 trillion, or 0.58% of the Gross Domestic Product (GDP). However, the budget deficit in the first three months of this year was lower than the same quarter of the previous year, which was 0.76%.

This budget deficit occurred because government revenue in the first three months of this year was only Rp 333.8 trillion, while government expenditure reached Rp 419.6 trillion. State revenue realization in the first quarter of 2018 consisted of tax revenue of Rp 262.4 trillion, non-tax state revenue of Rp 71.1 trillion, and grants of Rp 0.3 trillion. Meanwhile, state expenditure consisted of central government spending of Rp 234 trillion and transfers to regions and village funds totaling Rp 185.6 trillion.

Finance Minister Sri Mulyani stated that the decrease in the budget deficit shows that the government is striving to maintain a healthy and fit APBN as an anticipation of economic conditions in the regional and global environment.