Sri Mulyani Disbursed That The 2024 State Budget Deficit Is Smaller Than Outlook

Minister of Finance Sri Mulyani Indrawati. (Photo: Aris Nurjani/VOI)

Minister of Finance Sri Mulyani Indrawati said that the 2024 State Revenue and Expenditure Budget deficit (APBN) was successfully closed smaller than the outlook set.

To note, the government has set a deficit outlook for the 2024 State Budget of 2.7 percent of Gross Domestic Product (GDP).

"The 2024 State Budget deficit is also close to the figures listed in the initial APBN law, which is an extraordinary, smaller achievement. This deficit is much smaller than predicted in the previous semester's report, which is estimated at 2.7 percent," he said at the opening of the 2025 IDX trading on Thursday, January 2.

Sri Mulyani ensured that the 2024 State Budget was closed with relatively healthy and safe conditions so that it became a strong provision in carrying out the 2025 State Budget.

"This means that our state budget will be closed in 2024 with relatively healthy and safe conditions, providing strong provisions to enter 2025," he explained.

Sri Mulyani is still reluctant to reveal the realization of the 2024 State Budget deficit considering that it will be submitted at the KITA State Budget Press Conference.

In addition, he said, managing the economy is not the responsibility of one institution or one person but of all parties.

According to him, state revenues throughout 2024 fluctuate in the first semester experiencing extraordinary pressure and contraction.

However, in the second semester it has begun to recover and recorded growth that is not high.

Therefore, Sri Mulyani conveyed that state revenues throughout 2024 experienced growth compared to the previous year, although the 2024 target was not achieved because at that time the target was quite high.

"The growth from last year even though the target was not achieved because the 2024 target was made quite high," he said.

Sri Mulyani explained that state spending through the 2024 State Budget also experienced significant changes, with many expenditures such as for elections, regional elections, accelerated IKN development, and additional social assistance to deal with the impact of El Nino, including spending on food security such as fertilizers and water pumps.

"So that spending or the state budget also mitigates the impact and pressure in the community," he said.

Thus, Sri Mulyani said that the APBN also mitigates the impact and pressure in the community so that spending on ministries and institutions grows high, even reaching double digits, with overall growth exceeding 6 percent.