Until Semester I APBN Still Surplus IDR 152.3 Trillion

Minister of Finance Sri Mulyani (Photo: Capture the screen of the Ministry of Finance's Youtube)

The Ministry of Finance (Kemenkeu) reported that the State Revenue and Expenditure Budget (APBN) as of June 2023 was in a surplus position of IDR 152.3 trillion.

Minister of Finance (Menkeu) Sri Mulyani said that this figure was equivalent to 0.71 percent of gross domestic product or GDP.

"The state budget until the first semester of 2023 is still in a surplus position of IDR 152.3 trillion," he said during a press conference, Monday, July 27.

The Minister of Finance explained that the positive score brought high expectations in the management of state finances. This is because the 2023 State Budget is designed and set in a budget deficit position of IDR 598.2 trillion or IDR 2.84 percent of GDP.

"This gives confidence that the budget deficit can be maintained or even reduced," he said.

In detail, the Minister of Finance revealed that state revenues until last month amounted to Rp1,407.9 trillion or grew 5.4 percent year on year (yoy)

"The state revenue has reached 57.2 percent of the APBN target this year which is Rp2,463 trillion," he said.

Meanwhile, in terms of state spending, it was realized in the amount of Rp. 1,255.7 trillion, growing 0.9 percent yoy. Meanwhile, this expenditure has been absorbed 41 percent of the APBN ceiling of Rp. 3,061.2 trillion.

"This result makes our primary balance at IDR 368.2 trillion," said Minister of Finance Sri Mulyani.