The COVID-19 pandemic, which struck at the beginning of the year, widened Indonesia's deficit in the 2020 State Budget (APBN). Up to July 2020, state revenue decreased by 12.4% from the same period the previous year, reaching Rp 922.3 trillion. Meanwhile, state expenditure grew by 1.3% to Rp 1,252.4 trillion.
As a result, this year's deficit ballooned to Rp 330.2 trillion, or 2.01% of the Gross Domestic Product (GDP). This deficit increased from Rp 183.9 trillion, or 1.16% of GDP, in January-July 2019.
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