The February 2025 State Budget Experiences A Deficit Of IDR 31.2 Trillion

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

JAKARTA - The Ministry of Finance (Kemenkeu) noted that the state budget (APBN) experienced a deficit of IDR 31.2 trillion in February 2025.

Minister of Finance Sri Mulyani said the budget deficit as of February 2025 was IDR 31.2 trillion or 0.13 percent of Gross Domestic Product (GDP). This realization is equivalent to 31.2 percent of the 2025 State Budget target.

"Meanwhile, from the total balance, there was a deficit of IDR 31.2 trillion for the position at the end of February, or 0.13 from GDP. The state budget was designed with a deficit of IDR 616.2 trillion, so this deficit of 0.13 percent is certainly still in the APBN design target of 2.53 percent of GDP," he said at the KiTa State Budget press conference, on Thursday, March 13.

Overall, the 2025 State Budget is designed for a deficit of IDR 616.2 trillion or 2.53 percent of GDP. This means that the deficit that occurred in February 2025 is still within the government's projection range.

Sri Mulyani said that until February 2025, budget financing was reached IDR 220.1 trillion or 35.7 percent of the 2025 APBN target of IDR 616.2 trillion.

According to Sri Mulyani, the state budget deficit as of February 2025 was due to lower state revenues compared to increasing state spending.

Sri Mulyani explained that the realization of state revenue as of February 2025 reached IDR 316.9 trillion, down 20.8 percent on an annual basis or year on year (yoy) when compared to the same period last year of IDR 400.4 trillion. This realization is equivalent to 10.5 percent of the 2025 APBN target of IDR 3,005.1 trillion.

Meanwhile, the realization of state spending as of February 2025 reached IDR 348.1 trillion, down 6.9 percent (YoY) when compared to the same period last year of IDR 374.3 percent.

This realization is equivalent to 9.6 percent of the 2025 State Budget target of IDR 3,621.3 trillion.

Sri Mulyani said that the primary balance still recorded a surplus in February 2025 of IDR 48.1 trillion.