The Ministry of Finance (Kemenkeu) reported that the condition of the State Revenue and Expenditure Budget (APBN) in January 2023 experienced a surplus of IDR 90.8 trillion.
Finance Minister (Menkeu) Sri Mulyani said that this figure is equivalent to 0.43 percent of gross domestic product (GDP).
"The momentum of economic recovery is still strong until early 2023," he said at a press conference on Wednesday, February 22.
The Minister of Finance explained that this APBN surplus was obtained from greater state revenues of Rp232.2 trillion compared to state expenditures of Rp141.4 trillion.
"The performance of the APBN in January 2023 is very good supported by strong income performance and balanced well-maintained spending," he said.
The Minister of Finance added that the 2023 period was still faced with high geopolitical challenges, moderate commodity prices, high benchmark interest rates, and a slowdown in global economic growth.
"Juari 2023 performance fosters optimism for a stronger economic recovery while remaining aware of the risks of the global economy," he said.
Meanwhile, the state budget until last month posted tax revenue growth of 48.6 percent year on year (yoy).
Then, excise and customs revenues contracted minus 3.4 percent, as well as non-tax state revenues (PNBP) which shot up 103 percent. This condition makes the primary balance a surplus of IDR 113.9 trillion.
"This is a good start, hopefully it can last until the end of the year," said Minister of Finance Sri Mulyani.
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