Sri Mulyani Reveals State Budget Surplus Of IDR 8.1 Trillion Until The End Of March 2024

APBN Kita April 2024 (Photo: Aris Nurjani/VOI)

Minister of Finance Sri Mulyani Indrawati said the 2024 State Revenue and Expenditure Budget (APBN) scored a surplus of IDR 8.1 trillion until the end of March 2024 or equivalent to 0.04 percent of gross domestic product (GDP).

"The surplus recorded a surplus of IDR 8.1 trillion until the end of March 2024, this is equivalent to 0.04 percent of GDP," Sri Mulyani said at the Press Conference of our State Budget, Friday, April 26.

Sri Mulyani explained that the APBN surplus at the end of March 2024 came from state revenues of Rp620.01 trillion. This realization reached 22.1 percent of the 2024 State Budget target.

Meanwhile, the realization of this state revenue also decreased by 4.1 percent from the same period last year, or year on year (yoy).

Sri Mulyani said this decline was due to the high growth in state revenues in the same period in 2022 and 2023.

On the other hand, the realization of state spending until the end of March 2024 reached Rp661.9 trillion or reached 18.4 percent of the ceiling. The realization of this expenditure also grew 18 percent (yoy).

Sri Mulyani conveyed that with the performance of the APBN which experienced a surplus, the primary balance at the end of March 2024 was also a surplus of IDR 122.1 trillion.

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