Focusing On Improvements In The Second Quarter Of 2021, Sri Mulyani Overseeing Capital Expenditures:

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

JAKARTA - Minister of Finance (Menkeu) Sri Mulyani said that he would continue to make efforts to improve fiscal spending in the second quarter of 2021, especially for sectors that had undergone a change in budget structure (redesign).

"The realization of spending in the first quarter of 2021 is very accelerating. But we still have to be careful in the second quarter, especially with regard to the execution of expenditures that are beneficial to the community and in terms of productive expenditures, such as capital expenditures, "he said in the press conference on the results of the KSSK Periodic Meetings which was broadcast virtually, Monday. , May 3.

For information, in the 2021 State Budget the government has budgeted a total expenditure of IDR 2,750 trillion.

Meanwhile, until the first quarter of 2021, the acceleration of spending is said to be IDR523 trillion, which is equivalent to 19 percent of the ceiling provided.

This achievement also experienced a growth of 15.6 percent when compared to the first quarter of 2020.

If detailed, capital expenditure is included in the line ministry / agency spending which has the greatest growth, namely 41.2 percent year-on-year (yoy). To note, capital expenditure includes the basic infrastructure sector and other means of connectivity.

Meanwhile, non-ministerial / institutional spending grew 9.9 percent yoy, and transfers to regions and village funds grew by 0.9 percent yoy in the first quarter of this year.

Therefore, the Minister of Finance appealed to ministries and institutions, as well as local governments to continue to oversee the realization of the use of budgets in their respective agencies so that effective use can be achieved.

"We will continue to see all the spending and execution plans," said Sri Mulyani.

On the other hand, for the revenue sector in the 2021 APBN, it is planned that revenue is IDR 1,743.6 trillion. This condition causes a budget deficit of IDR 1,006.4 trillion or equivalent to 5.7 percent of gross domestic product (GDP).

The difference is then covered by state financing which is distributed through various financial instruments.