Indonesia's State Budget Deficit Reaches Rp 283.2 Trillion in the First Half of 2021

Economics & Macro

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Cindy Mutia Annur 21/07/2021 19:30 WIB

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The 2021 first-semester state budget deficit reached Rp 283.2 trillion, equivalent to 1.72% of GDP.

Realization of State Budget Revenue, Expenditure, and Deficit (June 2020/2021)

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Indonesia's State Budget Deficit Reaches Rp 283.2 Trillion in the First Half of 2021

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Realization of State Budget Revenue, Expenditure, and Deficit (June 2020/2021)

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The Ministry of Finance (Kemenkeu) recorded a State Budget (APBN) deficit of Rp 283.2 trillion in the first half of 2021. This is equivalent to 1.72% of the Gross Domestic Product (GDP).

The APBN deficit occurred because government spending exceeded revenue. State revenue reached Rp 886.9 trillion in the first half of 2021, a 9.1% increase compared to the same period last year (Rp 812.6 trillion).

Specifically, tax revenue amounted to Rp 557.8 trillion. Import duty and excise tax revenue reached Rp 122.2 trillion. Non-tax state revenue (PNBP) reached Rp 206.9 trillion.

Meanwhile, state expenditure totaled Rp 1,170.1 trillion from January to June 2021. This represents a 9.4% increase compared to the same period the previous year (Rp 1,069.7 trillion).

The breakdown shows that central government spending reached Rp 796.3 trillion. Transfers to regions and village funds reached Rp 373.9 trillion.

Furthermore, the primary balance showed a deficit of Rp 116.3 trillion, or -1.72% of GDP, by June 2021. This figure is higher than the -1.67% of GDP recorded in the same period the previous year.

Editor : Dimas Jarot Bayu

"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."

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Indonesia's State Budget Deficit Reaches Rp 283.2 Trillion in the First Half of 2021

Indonesia's State Budget Deficit Reaches Rp 283.2 Trillion in the First Half of 2021

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Indonesia's State Budget Deficit Reaches Rp 283.2 Trillion in the First Half of 2021

Indonesia's State Budget Deficit Reaches Rp 283.2 Trillion in the First Half of 2021

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