Ministry Of Finance Reveals Realization Of Budget Financing Reaches IDR 428.8 Trillion

Deputy Minister of Finance Thomas Djiwandono (Photo: Doc. VOI)

JAKARTA - The Ministry of Finance (Kemenkeu) noted that the realization of budget financing until November 30, 2024 reached IDR 428.8 trillion or around 82 percent of the total state budget (APBN).

Deputy Minister of Finance Thomas Djiwandono said that this financing performance is maintained at a controlled level with careful and credible management and risks are maintained within safe risk limits.

Until November 2024, debt financing reached IDR 483.6 trillion with a portion of Government Securities (SBN) of IDR 437.2 trillion and loans worth IDR 46.4 trillion.

"Meanwhile, non-loan financing was realized in the amount of minus Rp. 54.8 trillion and this is still at a controlled level while still focusing on maintaining the sustainability of the budget," he explained at the KITA State Budget press conference, Wednesday, December 11.

Thomas said that in general various financing control measures have been implemented to support the sustainability of the State Budget.

According to Thomas, the realization of financing until November shows that the government continues to be careful in managing financing by considering the outlook for the APBN deficit, the government's liquidity condition, and the dynamics of the financial market.

"In addition, efforts to keep the achievement of the financing target on track are carried out by ensuring that the cost of funds remain efficient and the risk is under control," he said.