Government Spending Slightly Increased in February 2023

Economics & Macro

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Cindy Mutia Annur 16/03/2023 10:10 WIB

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The Ministry of Finance's report shows that state expenditure reached Rp287.8 trillion in February 2023, up 1.8% compared to the same period last year.

Indonesia's State Expenditure Realization (February 2022-February 2023)

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Government Spending Slightly Increased in February 2023

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Indonesia's State Expenditure Realization (February 2022-February 2023)

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The Indonesian Ministry of Finance (Kemenkeu) report shows that state expenditure in the State Budget (APBN) reached Rp287.8 trillion in February 2023. This realization is up 1.8% compared to February last year (year-on-year/yoy).

The February 2023 expenditure realization reached only 9.4% of this year's APBN expenditure target, which totals Rp3,061.2 trillion.

Broken down by component, the realization of central government expenditure reached Rp182.6 trillion in February 2023. This component consists of ministry/agency (K/L) expenditure and non-K/L expenditure.

K/L expenditure realization decreased by 2.8% (yoy) to Rp76.4 trillion. This expenditure was used for accelerating the disbursement of Operational School Assistance (BOS), procurement of equipment/machinery, buildings/structures, infrastructure/logistics, maintenance of roads/networks/irrigation/state-owned assets, social assistance disbursement, and K/L operational activities.

Meanwhile, non-K/L expenditure realization increased by 13.4% (yoy) to Rp106.2 trillion, making it the largest contributor to state expenditure in February 2023. Expenditure in this item was mainly for pension benefit payments, debt interest payments, and subsidy disbursement.

Furthermore, the realization of transfers to regions (TKD) was recorded at Rp105.2 trillion, or down 4.8% (yoy).

On the other hand, in February 2023, state revenue grew by 38.7% (yoy) to Rp419.6 trillion.

The high realization of revenue compared to state expenditure resulted in the APBN experiencing a surplus of Rp131.8 trillion in February 2023. This figure is equivalent to 0.63% of the Gross Domestic Product (GDP).

Editor : Adi Ahdiat

"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."