JAKARTA Minister of Finance (Menkeu) Sri Mulyani, who officially represents the government, has submitted a 2024 State Budget Draft to be discussed together with the DPR.
In his presentation at the Parliament Complex today, the state treasurer explained that the government plans to spend next year of IDR 3,215.7 trillion to IDR 3,476.2 trillion. Meanwhile, the revenue side is targeted at IDR 2,719.1 trillion to IDR 2,865.3 trillion.
This makes the 2024 State Budget deficit of IDR 496.6 trillion to IDR 610 trillion or 2.16 percent to 2.64 percent of gross domestic product (GDP). This deficit is lower than the 2022 State Budget provisions which amounted to 2.84 percent of GDP," he said on Tuesday, May 30.
The Minister of Finance revealed that state spending will be distributed into two main clusters, namely central government spending of IDR 2,400.7 trillion- IDR 2,631, 2 trillion, and transfers to the regions of IDR 815 trillion-IDR 845 trillion.
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Meanwhile, state revenues were collected from tax revenues of Rp2,280.3 trillion-Rp2,355.8 trillion, non-tax state revenues (PNBP) of Rp436.6 trillion-Rp504.9 trillion. And the last one is a grant of Rp2.3 trillion to 4.6 trillion.
Furthermore, the primary balance of the State Budget next year is minus IDR 156, 8 trillion and budget financing is IDR 496.6 trillion to IDR 610.9 trillion.
"APBN as a fiscal instrument accelerates an inclusive and sustainable economic transformation," said Minister of Finance Sri Mulyani.
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