Indonesia's State Budget Records Rp107.4 Trillion Surplus in August 2022

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Cindy Mutia Annur 27/09/2022 12:10 WIB

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According to the Ministry of Finance's report, Indonesia achieved a state budget surplus of Rp107.4 trillion by August 2022.

Indonesia's State Budget Realization (August 2021-August 2022)

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Indonesia's State Budget Records Rp107.4 Trillion Surplus in August 2022

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Indonesia's State Budget Realization (August 2021-August 2022)

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According to the Ministry of Finance's report, Indonesia achieved a State Revenue and Expenditure Budget (APBN) surplus of Rp107.4 trillion by August 2022.

Finance Minister Sri Mulyani stated that this realization is the opposite of August 2021's position, which had a deficit of Rp383.1 trillion. This signifies a 128% increase in August 2022 compared to the same period last year (year-on-year/yoy).

"The overall balance shows a surplus of Rp107.4 trillion, or 0.58% of our Gross Domestic Product," Sri said in a press conference on the APBN Kita, Monday (26/9/2022).

She detailed that tax revenue in August 2022 reached Rp1,378 trillion, a 53.2% yoy increase, and non-tax state revenue (PNBP) amounted to Rp386 trillion, a 38.9% yoy increase.

Meanwhile, state expenditure was recorded at Rp1,657 trillion by August 2022. This figure is up 6.2% yoy compared to August of the previous year, which totaled Rp1,560.8 trillion.

This breaks down to central government spending of Rp1,178.1 trillion, an 8.3% yoy increase, and transfers to regions (TKD) of Rp478.9 trillion, a 1.3% yoy increase.

With the realized APBN surplus, there is an excess of budget financing (Silpa) amounting to Rp394.2 trillion. According to Sri Mulyani, this substantial Silpa will be used to pay for energy subsidies and compensation, which are expected to surge in the third and fourth quarters of 2022.

"We will utilize all of our excellent state revenue. This is the government's commitment: to use the APBN to continuously protect the public economy while safeguarding the APBN to maintain overall balance," said Sri Mulyani.

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."