JAKARTA - Coordinating Minister for Economic Affairs Airlangga Hartarto emphasized that the realization of the 2025 State Budget (APBN) deficit of 2.92 percent of gross domestic product (GDP) does not interfere with investor confidence.
He assessed that the deficit position was still within a safe limit because it did not exceed the maximum threshold of 3 percent as stipulated in the law.
"Of course there is no problem. Last year it was closed and the deficit was still safe. It is still below 3 percent," he told the media, Friday, January 9.
Based on the provisional realization data as of December 31, 2025, the state budget deficit was recorded at IDR 695.1 trillion or equivalent to 2.92 percent of GDP or wider than the initial target of the 2025 state budget of 2.53 percent and the semester projection of 2.78 percent, and close to the 3 percent deficit limit.
Responding to the widening of the deficit, Airlangga assessed that the condition was still considered reasonable, given the fairly strong state revenue performance.
"Yes, of course we also see that our acceptance is close to 91.7 percent. So that's normal. The most important thing is that we pursue growth. Well, growth is directly related to employment, job creation. So that's what we encourage," he explained.
Airlangga also expressed optimism that economic growth in the fourth quarter of 2025 would be the highest compared to previous quarters.
"We'll see, but the growth in the fourth quarter is among the highest of the previous quarters. So maybe overall the target rather than the state budget for growth could be close," he said.
For information on revenue, the provisional realization of state revenue reached Rp. 2,756.3 trillion or 91.7 percent of the 2025 state budget target of Rp. 3,005.1 trillion. Tax revenue was recorded at Rp. 2,217.9 trillion or 89 percent of the target of Rp. 2,490.9 trillion.
The tax revenue consists of tax revenue of IDR 1,917.6 trillion or 87.6 percent of the target, as well as customs and excise revenue of IDR 300.3 trillion or 99.6 percent of the target.
Meanwhile, non-tax state revenues (PNBP) were realized at Rp534.1 trillion or 104 percent of the target, while grant revenues reached Rp4.3 trillion or 733.3 percent of the target.
In terms of spending, the realization of state spending was recorded at Rp3,451.4 trillion or 95.3 percent of the APBN ceiling. Central government spending reached Rp2,602.3 trillion or 96.3 percent of the target, consisting of ministry/agency spending of Rp1,500.4 trillion and non-ministry/agency spending of Rp1,102 trillion.
Meanwhile, the distribution of transfers to the regions (TKD) reached Rp849 trillion or 92.3 percent of the target. The realization of the primary balance recorded a deficit of Rp180.7 trillion, wider than the initial target of Rp63.3 trillion.
Meanwhile, the budget financing was recorded at Rp744 trillion, with the remaining more than the budget financing (SILPA) reaching Rp48.9 trillion.
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