Realization Of The State Budget Records A Surplus Of IDR 67.7 Trillion Until September 2023

Minister of Finance Sri Mulyani said the State Revenue and Expenditure Budget (APBN) recorded a surplus of IDR 67.7 trillion as of September 2023 or equivalent to 0.32 percent of Gross Domestic Product (GDP).

"Our APBN until the end of September still recorded a surplus of Rp. 67.7 trillion, or measured from GDP is 0.32 percent," Sri Mulyani said at a press conference in Jakarta, Wednesday, October 25.

The APBN surplus value in September 2023 is higher when compared to the APBN surplus in September 2022 which was recorded at IDR 60.9 trillion. The APBN surplus in September 2023 was obtained from state revenues that were higher than state spending.

The Minister of Finance explained that state revenue in September 2023 was recorded at IDR 2,035.6 trillion. This achievement indicates that the realization of state revenues has reached 82.6 percent of the budget ceiling.

This value grew by 3.1 percent (year-on-year/yoy) when compared to the September 2022 achievement which was recorded at Rp1974.7 trillion.

Meanwhile, state spending in September 2023 was recorded at IDR 1,967.9 trillion or grew by 2.8 percent yoy compared to the September 2022 achievement of IDR 1,913.9 trillion. With this acquisition, the realization of state spending in September 2023 has reached 64.3 percent of the 2023 APBN budget ceiling.

From the performance of the APBN, the Ministry of Finance noted that the primary balance in September 2023 also experienced a surplus of IDR 389.7 trillion. The primary balance is the difference in the total state income minus state spending outside of debt interest payments.

Thus, Sri Mulyani said that the performance of the State Budget until September 2023 was maintained positively. State revenues and spending grew positively in support of the momentum of economic recovery. However, he said the slowdown in revenue growth still needs to be watched out for because global risks and uncertainties are increasing.