Minister Of Finance: State Revenue Grows 17 Percent In The First Two Months Of 2023

Minister of Finance Sri Mulyani Indrawati. (Photo: Maria Trisnawati/VOI)

JAKARTA - Finance Minister Sri Mulyani explained that state revenues until February were collected amounting to Rp419.6 trillion or grew 38.9 percent compared to 2022.

"This means that 17 percent of state revenues have been collected in the first two months of 2023," Sri Mulyani said at the APBNKita Press Conference at the Ministry of Finance Building, Tuesday, March 14.

Just so you know, the Ministry of Finance is targeting state revenues in 2023 of IDR 2,463 trillion.

He detailed that this state revenue was contributed by taxes, customs, excise duty, and Non-Tax State Revenue (PNBP).

Thus, the State Revenue and Expenditure Budget (APBN) as of the end of February experienced a surplus of IDR 131.8 trillion or 0.63 percent of Gross Domestic Product (GDP).

On the other hand, state spending was recorded at IDR 287.8 trillion, growing 1.8 percent yoy or 9.4 percent of the target. Then, the primary balance reached IDR 182.2 trillion.

"So our state budget is still a total surplus. Primary balance is also a surplus of 182.2 trillion," he added.

For information, the primary balance is the total state revenue minus state spending outside of debt interest payments.

This primary balance is also an indicator that reflects the government's ability to pay debt interest.