Towards The End Of The Year, New State Expenditures Are Distributed 83 Percent

Minister of Finance Sri Mulyani Indrawati reported that the realization of state spending as of December 12, 2023 reached IDR 2,588.2 trillion or 83 percent of the State Revenue and Expenditure Budget (APBN) ceiling of IDR 3,117.2 trillion.

This number is down 4.1 percent compared to the same period last year (year on year / yoy).

Meanwhile, the expenditure issued by the central government reached IDR 1,840.4 trillion or 81.9 percent of the State Revenue and Expenditure Budget (APBN) ceiling.

This achievement decreased by 5.9 percent yoy, including spending on ministries or institutions of IDR 946.1 trillion or 94.5 percent of the APBN and non-ministerial or institutional funds of IDR 894.3 trillion or 71.8 percent of the APBN and regional transfers (TKD) of IDR 747.8 trillion.

"This is a slight growth of 0.4 percent. So spending on ministries or institutions does not contract. It is almost the same as the previous year," he said at the Press Conference of our State Budget in December 2023, Friday, December 15.

Sri Mulyani emphasized that the low realized expenditure was not due to lower spending on ministries or institutions, but from spending on fuel subsidies where the price was lower than the macro assumption in 2023.

The realization of non-ministerial or institutional central government spending has reached IDR 894.3 trillion or 71.8 percent of the ceiling.

However, Sri Mulyani said, a fairly deep decline occurred in central government spending through non-ministerial or institutional spending of 11.7 percent compared to the same period last year.

This realization is distributed for subsidies and compensation (BBM and electricity), pre-employment card programs, and fertilizer subsidies.

"Recently smaller non-ministerial or institutional spending is caused by subsidy payments and fuel and electricity compensation, especially smaller subsidies," he explained.

Then, the realization of TKD until December 12, 2023 has reached Rp747.8 trillion, or 91.8 percent of the ceiling.

However, this realization contracted 0.6 percent compared to the same period last year.

In the 2023 State Budget, the assumption that the price of Indonesian crude oil is at 90 US dollars per barrel.

While citing the price of crude oil set by the Ministry of Energy and Mineral Resources as of November 2023 at the level of 79.63 US dollars per barrel.

Non-ministerial or institutional expenditures, including fuel subsidy spending, have only realized 71.8 percent of the state budget or IDR 894.3 trillion.

However, Sri Mulyani said that the realization of non-ministerial or institutional ministries will continue to increase in the remaining December 2023, along with the payment process for various programs, such as subsidies and compensation.

On the other hand, central government spending has actually reached 94.5 percent until December 12, 2023, which is influenced by the support for preparations for the implementation of elections, IKN development, accelerating the completion of priority infrastructure, and distributing social assistance.