Sri Mulyani Reveals State Assets Rise In 2023 Capai Rp13,072.8 Trillion

Minister of Finance Sri Mulyani Indrawati. (Photo: Doc. Antara)

Minister of Finance Sri Mulyani Indrawati said that until December 31, 2023, the total state assets reached Rp. 13,072.8 trillion, an increase of about 5.71 percent compared to the same period last year of Rp. 12,325.45 trillion based on data in the 2022 Central Government Financial Statements (LKPP).

In addition to state assets, until December 31, 2023, the total state obligations amounted to Rp9,536.7 trillion, an increase of 6.46 percent compared to the end of 2022 which amounted to Rp8,920.56 trillion.

Meanwhile, equity of IDR 3,536.1 trillion increased by 3.71 percent compared to the same period last year of IDR 3,404.89 trillion.

"The Government's financial position is shown in the balance sheet as of December 31, 2023, which consists of assets of Rp. 13,072.8 trillion, Obligations of Rp. 9,536.7 trillion, and Equity of Rp. 3,536.1 trillion," he said at the Submission of the Principles of Government Information on the Bill on Accountability for the Implementation of the State Budget for Fiscal Year 2023 at the 20th Plenary Meeting, Thursday, July 4.

Sri Mulyani said that the increase in equity in 2023 without asset revaluation was the first time since akrual-based financial reporting was implemented.

"This is inseparable from the good performance of revenues followed by government spending which is also getting more quality," he said.

In addition, Sri Mulyani conveyed in the Operational Report (LO) of 2023 that Operational Revenue of IDR 3,083.2 trillion and Operational Burden of IDR 3,111.7 trillion, which formed a deficit of Operational Activities worth IDR 28.4 trillion.

On the other hand, there is a Surplus from Non-Operational Activities of IDR 60.1 trillion, which forms the 2023 LO Surplus of IDR 31.6 trillion.

Sri Mulyani explained, the 2023 LO surplus is the first time this has happened since the implementation of akrual-based accounting or since the operational report began to be compiled in 2015.

Meanwhile, Sri Mulyani submitted a report on the 2023 Cash Flow providing information regarding the flow of state cash receipts and expenditures during 2023.

Net cash flow from operating activities minus IDR 34.8 trillion, net cash flow from investment activities minus IDR 391.6 trillion, net cash flow from Funding Activities of IDR 445.8 trillion, and a net cash flow from Transitoris Activities of IDR 88.7 trillion.

"The net cash flow of negative investment activities reflects the Government's efforts to invest, especially in order to support infrastructure development projects," he added.