Government Spending Realization Increased Only 1.2% in July 2023

Economics & Macro

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Erlina Fury Santika 15/08/2023 16:03 WIB

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The Ministry of Finance recorded a slight 1.2% year-on-year (yoy) increase in state spending in July 2023, reaching Rp1,461.2 trillion. Some budget items showed a decrease in realization.

Components and Total Realization of State Expenditure per July (2022-2023)

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Government Spending Realization Increased Only 1.2% in July 2023

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Components and Total Realization of State Expenditure per July (2022-2023)

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The Ministry of Finance (Kemenkeu) recorded the realization of state expenditure in the State Revenue and Expenditure Budget (APBN) for July 2023.

In July 2023, the realization of expenditure reached Rp1,461.2 trillion, a slight increase of 1.2% year-on-year (yoy) from Rp1,444.6 trillion in the same period of the previous year.

The July 2023 expenditure realization also only covers 47.7% of the total budget ceiling.

State expenditure consists of several components, including central government expenditure and transfers to regions (TKD).

Central government expenditure consists of ministry/agency (K/L) expenditure of Rp493 trillion, an increase of only 0.5% (yoy) from the previous Rp490.7 trillion.

Meanwhile, non-K/L expenditure was recorded at Rp527.4 trillion, a 2.4% yoy decrease from the previous Rp540.4 trillion. Sri Mulyani, Minister of Finance, explained the reason for the decrease in this item.

"This is mainly due to subsidy spending because oil prices are lower. It explains the lower non-K/L spending," said Ani, as she is also known, in a virtual press conference for *APBN Kita Edisi Agustus 2023* on Friday (11/8/2023).

Meanwhile, the last component, TKD, reached Rp440.9 trillion in July 2023. This figure is up 6.6% (yoy) from the previous Rp413.6 trillion.

(See also: State Revenue in July 2023 Remains Up Despite Sluggish Customs Revenue)

Editor : Erlina Fury Santika

"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."