The government has disbursed Rp38 trillion in subsidies in the first quarter of 2022.

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Dzulfiqar Fathur Rahman 25/04/2022 19:10 WIB

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The Ministry of Finance reported that government subsidy spending reached Rp38.51 trillion during the January-March 2022 period. The majority of this was allocated to energy subsidies.

Government Subsidy Spending Realization (Quarter I 2019-2022)

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The government has disbursed Rp38 trillion in subsidies in the first quarter of 2022.

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Government Subsidy Spending Realization (Quarter I 2019-2022)

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The Ministry of Finance (Kemenkeu) reported that government subsidy spending reached Rp38.51 trillion during the January-March 2022 period.

This figure grew by 80.1% (year on year/yoy) compared to the first quarter of the previous year.

The realization of subsidies in the first quarter of 2022 was largely directed towards energy subsidies amounting to Rp32.52 trillion, which includes fuel subsidies, 3 kg LPG cylinders, and electricity subsidies.

"The increase in the realization of fuel subsidies and 3 kg LPG cylinder subsidies was mainly influenced by the increase in the ICP, which on average increased by 66.7% yoy during the January-March 2022 period, and an increase in LPG volume by 4.24% during January-February 2022," wrote the Kemenkeu in its *APBN Kita April 2022 Edition* report.

The number of subsidized electricity customers also reportedly increased by 1 million, reaching a total of 38.3 million customers in the first quarter of 2022. However, the volume of subsidized electricity consumption fell by 15.5% to 9.8 terawatt-hours (TWh) in the same period.

Meanwhile, total non-energy subsidies in the first quarter of 2022 amounted to Rp5.99 trillion, covering fertilizer subsidies and subsidized interest rates for the People's Business Credit (KUR) program and down payments for housing.

"This was driven, among other things, by the very significant growth in the realization of program credit subsidies from the January-March period of last year, which was only Rp381.84 billion or grew by 1,056.38 percent," said Kemenkeu in its report.

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."

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The government has disbursed Rp38 trillion in subsidies in the first quarter of 2022.

The government has disbursed Rp38 trillion in subsidies in the first quarter of 2022.

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The government has disbursed Rp38 trillion in subsidies in the first quarter of 2022.

The government has disbursed Rp38 trillion in subsidies in the first quarter of 2022.

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