JAKARTA - The Ministry of Finance noted that the realization of state spending reached IDR 849.2 trillion by the end of April 2024. This realization reached 25.5 percent of the ceiling, and grew 10.9 percent from the same period last year.
Minister of Finance Sri Mulyani Indrawati explained that the realization of state spending consisted of central government spending (BPP) of IDR 591.7 trillion until the end of April 2024. This realization reached 24.0 percent of the ceiling, and grew 13.2 percent from the same period last year.
"The realization of central government spending (BPP) reached IDR 591.7 trillion. If you look at the growth, the double digits are quite high at 13.2 percent, which can somewhat be compared in 2020 to 2021, in 2020 at that time Covid the first time everything collapsed, then we recovered in 2021 we grew at 28.1 percent. Now at 13.2 percent, if now the cause is spending on the implementation of elections in February and some of what we see is K/L spending, "he explained at our State Budget Press Conference, Monday, 27 May.
Furthermore, the realization of BPP consists of Ministry/Institutional expenditures (K/L) whose realization reached Rp304.2 trillion or grew 15.28 percent compared to the same period last year, and reached 27.9 percent of the budget ceiling.
Sri Mulyani conveyed that the distribution of K/L expenditures was influenced by the payment of JKN/KIS, the distribution of various social program assistance, infrastructure development and support for the implementation of the General Election.
Meanwhile, the realization of non-K/L spending was IDR 287.6 trillion or 20.9 percent of the budget ceiling. This realization grew 7.85 percent compared to the same period last year.
Sri Mulyani said that this expenditure was influenced, among other things, by the realization of energy subsidies and the payment of pension benefits.
Furthermore, the realization of state spending is also for the distribution of transfers to regions (TKD) whose realization reaches IDR 257.5 trillion or grew 5.96 percent compared to the same period last year. This realization reached 30.37 percent of the budget ceiling.
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In addition, Sri Mulyani explained that until the end of April 2024, state revenues reached IDR 924.9 trillion. This realization is 33.0 percent of the 2024 APBN 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).
"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.
Therefore, Sri Mulyani said that the 2024 State Revenue and Expenditure Budget (APBN) still print 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," he said.
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