Minister of Finance Sri Mulyani Indrawati said the 2024 State Revenue and Expenditure Budget (APBN) scored a surplus of IDR 75.7 trillion until the end of April 2024 or equivalent to 0.33 percent of gross domestic product (GDP).
"Our state budget has a surplus of IDR 75.7 trillion by the end of April 2024, this is equivalent to 0.33 percent of this year's GDP estimate," Sri Mulyani said at the Press Conference on our State Budget, Monday, May 27.
Sri Mulyani explained that the APBN surplus at the end of April 2024 came from state revenues of Rp. 924.9 trillion. This realization reached 33.0 percent of the 2024 State Budget target.
Meanwhile, the realization of this state revenue also decreased by 7.6 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.
"When viewed from the level of state revenue that we collected, there was a decrease compared to last year, my friends still remember that we got windfall from many commodities that increased," he explained.
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On the other hand, the realization of state spending until the end of April 2024 reached IDR 849.2 trillion or reached 25.5 percent of the ceiling. The realization of this expenditure also grew 10.9 percent (yoy).
Sri Mulyani conveyed that with the performance of the APBN which experienced a surplus, the primary balance at the end of April 2024 was also a surplus of IDR 237.1 trillion.
Meanwhile, the primary balance itself is the total state revenue minus state spending outside of debt interest payments.
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