KSP Experts Call State Budget Surplus Proof Of Economic Recovery: Let's Take Care Together

JAKARTA - The Main Expert Staff of the Presidential Staff Office, Edy Priyono, said that the achievement of the State Budget surplus in June 2022, which amounted to Rp. 73.6 trillion or 0.39 percent of gross domestic product (GDP) is proof that Indonesia's economic activity is getting better.

According to Edy, the tax revenue sector has an important contribution to this achievement by contributing IDR 868.3 trillion or an increase of 55.7 percent on an annual basis (year on year / yoy).

"The results achieved by the tax are a mirror that our economy continues to recover and makes the possibility of a recession in Indonesia even further away," he said in a press statement on Thursday, July 28.

Edy added that Indonesia's stable economic condition cannot be separated from the government's efforts to control inflation so that it is not too far from the target set amidst the threat of global uncertainty.

He also warned that the current achievements would not make Indonesia oblivious and careless. Moreover, he continued, the controlled inflation was not due to controlled commodity prices, but due to government intervention.

“The intervention was carried out in the form of distributing subsidies, especially in the energy sector. Its value reaches more than Rp. 500 trillion. This is something that we really have to take care of together with the government so that the subsidy doesn't collapse,” he said.

As previously reported by the editors, the realization of state revenue as of June 2022 was recorded at Rp1,317.2 trillion or skyrocketed 48.5 percent yoy. This book was supported by tax revenues of Rp. 868.3 trillion, an increase of 55.7 percent, customs and excise of Rp. 167.6 trillion, or an increase of 37.2 percent, and PNBP of Rp. 281 trillion, an increase of 35.8 percent.

Meanwhile, the realization of state spending until the first semester of 2021 is stated at IDR 1,243.6 trillion, up 6.3 percent, with details of the central government spending IDR 876.5 trillion, up 10.1 percent and TKDD IDR 367.1 trillion, down 1.8 percent. .