Only 46.5% of the New State Budget had been spent by July 2022.

Economics & Macro

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Cindy Mutia Annur 12/08/2022 17:30 WIB

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State spending realization until July 2022 only reached Rp1,444.8 trillion, or 46.5% of the Rp3,106.4 trillion budget allocation.

Indonesia's State Expenditure Realization (July 2021–July 2022)

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Only 46.5% of the New State Budget had been spent by July 2022.

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Indonesia's State Expenditure Realization (July 2021–July 2022)

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According to the Ministry of Finance's report, the realization of state expenditure until July 2022 reached only Rp1,444.8 trillion, or 46.5% of the budgeted Rp3,106.4 trillion.

"This means that from August to December, we will still need to spend approximately 55% of the State Budget," said Minister of Finance Sri Mulyani in a press conference on the State Budget, Thursday (11/8/2022).

In detail, during January-July 2022, the realization of central government expenditure reached only Rp1,031.2 trillion, or 44.8% absorption of the budgeted amount.

The realization of central government expenditure during this period consisted of non-K/L expenditure amounting to Rp540.6 trillion (33.9% of the budget) and K/L expenditure amounting to Rp490.7 trillion (51.9% of the budget).

Meanwhile, the realization of Transfers to Regions and Village Funds (TKDD) was recorded at Rp413.6 trillion, or 51.4% absorption of the budgeted amount.

State revenue realization was recorded at Rp1,551 trillion in July 2022. This realization grew by 50.3% (yoy) compared to July 2021, which amounted to Rp1,031.7 trillion.

With higher revenue realization than state expenditure, in July 2022 Indonesia experienced a state budget surplus of Rp106.1 trillion, equivalent to 0.57% 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."