JAKARTA - Minister of Finance (Menkeu) Sri Mulyani proposed an additional state expenditure in 2023 of Rp19.4 trillion which was obtained from the estimated state revenue which also increased with the same value.
The proposal came from the agreement between the Working Committee A of the government and the Budget Agency of the House of Representatives (Banggar DPR).
"Thus, state spending will increase from Rp3,041.7 trillion to Rp3,061.2 trillion," Sri Mulyani said in a Working Meeting with the DPR Banggar in Jakarta, as reported by Antara, Thursday, September 15.
He explained that the additional use of state spending would be given in the form of energy subsidies worth Rp. 1.3 trillion, educational reserves of Rp. 3.9 trillion, additional non-education expenditures of Rp. 11.2 trillion, and transfers to regions (TKD) of Rp. 3 trillion.
With these additions, next year's state spending will consist of central government spending of Rp2,246.5 trillion, an increase of Rp. 16.4 trillion from RAPBN which is Rp. 2,230 trillion and TKD which increased by Rp. 3 trillion from Rp. 811.7 trillion to Rp. 814.7 trillion.
Central government spending consists of fixed ministry/institutional expenditures (k/l) of Rp993.2 trillion and non k/l expenditures which increased by Rp16.4 trillion from Rp1,236.9 trillion to Rp1,253.3 trillion, due to an increase in energy subsidies to Rp212 trillion from Rp210.7 trillion, educational budget reserves from Rp59.6 trillion to Rp63.5 trillion, as well as additional non-education expenditures to Rp11.2 trillion.
Meanwhile, Sri Mulyani said the estimated increase in state revenue of Rp. 19.4 trillion would increase state revenues next year from Rp. 2,443.6 trillion to Rp. 2,463 trillion, consisting of tax revenues of Rp. 2,021.2 trillion and non-tax state revenues (PNBP) of Rp. 441.4 trillion.
With the same increase in the allocation of expenditures and state revenue targets, the state budget deficit next year will be maintained at IDR 598.2 trillion, but the percentage of gross domestic product (GDP) decreased from 2.85 percent to 2.84 percent.
"The change in the ratio of the state budget deficit because the value of the estimated economic volume in 2023 will increase from Rp. 20,988.6 trillion to Rp. 21,037.9 trillion," said the State Treasurer.
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