2016 Presidential Election: What's Next For Trump? Here's Sri Mulyani's Answer

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

JAKARTA - In a virtual press conference of the State Budget hosted by the Minister of Finance Sri Mulyani revealed that the state budget deficit stood at Rp138.1 trillion as of April 30, 2021 or equivalent to 0.83 percent of gross domestic product (GDP).

This deficit is formed due to the greater amount of state spending compared to the income sector.

In its description, the Minister of Finance reported that the shopping post until April has reached Rp723 trillion.  While the revenue is known to be Rp585 trillion.

"The government's spending and investment needs are met through revenue and financing," it said on Tuesday, May 25.

He added that state revenues are still dominated by tax receipts that are currently considered more optimal.

This can be seen from the realization of tax receipts until April that have touched the figure of Rp374.9 trillion or equivalent to 30.5 percent of the ceiling set in the state budget of Rp1,229.6 trillion.

"Tax receipts at the beginning of this year are only slightly behind the realization last year when the new pandemic occurred amounting to Rp376.6 trillion or only 0.5 percent," he said.

Then, in addition to relying on taxes to patch up the state budget deficit, the government also took the financing method by spreading various financial instruments.

For information, this year the financing ceiling is planned at Rp1,006.4 trillion. The realization of debt collection until the second quarter of 2021 amounted to Rp392.3 trillion or 39 percent of the set ceiling.

Just so you know, the budget deficit at the beginning of 2021 reached Rp138.1 trillion greater than the deficit in 2020 for the same period of Rp74 trillion.

In general, in the State Budget 2021 targeted state revenues of Rp1,743 trillion, with spending Of Rp2,750 trillion. This means that the budget deficit is recorded around Rp1,000 trillion or equivalent to 5.7 percent of GDP.