Realization Of PEN Funds Reach Rp134 Trillion As Of April 16, Sri Mulyani: The State Budget Is Working Extra Hard!

Minister of Finance Sri Mulyani (Photo: Ministry of Finance)

JAKARTA - Minister of Finance (Menkeu) Sri Mulyani said that the absorption of the National Economic Recovery (PEN) fund until April 16, 2021 was recorded at IDR 134 trillion.

"This amount is equivalent to 19.2 percent of the budget ceiling that the government has provided for this year," he said in a virtual press conference for our APBN, Thursday, April 22.

In the explanation of the Minister of Finance, the realization was absorbed into the health sector amounting to IDR 18.5 trillion, social protection IDR 47.9 trillion, priority programs IDR 14.5 trillion, support for MSMEs and corporations IDR 37.7 trillion, and business incentives IDR 54.9 trillion.

For information, in the 2021 State Revenue and Expenditure Budget (APBN), the government provides PEN funds of IDR 669.43 trillion. This amount is up from the realization in 2020 which amounted to Rp579.78 trillion.

In detail, the 2021 PEN funds are distributed to several sectors, namely the health sector Rp. 176.3 trillion, support for MSMEs and cooperatives Rp. 184.8 trillion, priority programs Rp. 122.4 trillion, incentives for the business world Rp. 58.4 trillion, and social protection Rp. 157.4. trillion.

"The APBN is working extra hard to support programs for handling COVID-19 and efforts for economic recovery in various fields," he said.

In general, the state expenditure for the first three months of 2021 was mentioned by the Minister of Finance to have touched IDR 523 trillion. That value grew 15.6 percent from the same period the previous year.

Meanwhile, central government spending was recorded at IDR 350 trillion, or grew 26 percent year-on-year from the previous period.

For information, this year's State Budget plans for state expenditure of IDR 2.750 trillion. Meanwhile, revenue is projected to be IDR 1,743.6 trillion.