Good News From Sri Mulyani, State Revenue Is Projected To Increase IDR 420 Trillion

JAKARTA - Minister of Finance (Menkeu) Sri Mulyani said that the state revenue sector is believed to increase by IDR 420.1 trillion this year to IDR 2.266.2 trillion.

This number grew by around 12 percent from the provisions of the 2022 State Budget Act which amounted to IDR 1.846.1 trillion.

"This means that we have additional income to protect the people, protect the economy, and protect the state budget," he said while attending a Working Meeting with the House of Representatives' (DPR) Budget Board at the Senayan Parliament Complex, Jakarta, on Thursday, May 19.

However, the Minister of Finance explained that at the same time the outlook for state spending this year also rose by IDR 392.3 trillion from the previous IDR 2.714.2 trillion to IDR 3.106.4 trillion.

This condition cannot be separated from the increasing financial burden on the state because it has to bear the burden of subsidies and energy compensation in the midst of soaring commodity prices.

“We, Indonesia, face problems but the problems are relatively better. If other countries are currently facing a crisis they do not have money at the same time their needs are many. Meanwhile, we have an additional (income) of IDR 420 trillion," he said.

Through this latest projection, the 2022 State Budget (APBN) posture is expected to change from a budget deficit of IDR 868 trillion or 4.85 percent of GDP to a deficit of IDR 840.2 trillion or 4.50 percent of GDP.