State Budget Expenditure Reaches IDR 1,255 T, Realized Or Not You Have Feel This Benefit

JAKARTA - The Ministry of Finance (Kemenkeu) reported that until June 30, 2023, the realization of State Expenditures reached Rp1,255.7 trillion or 41 percent of the APBN ceiling set at Rp3,061.2 trillion.

Minister of Finance (Menkeu) Sri Mulyani said that the realization grew 0.9 percent compared to the same period the previous year of Rp1,244.9 trillion.

He explained that the absorption of expenditure on the central government reached Rp891.6 trillion or 39.7 percent of the ceiling.

"A total of IDR 492.0 trillion is a expenditure that provides direct benefits to the community, either through social assistance, agriculture, MSMEs, education, infrastructure and other public service sectors," he said on Monday, October 24.

According to the Minister of Finance, the benefits of social protection are also provided in the form of seed assistance, mulsa, organic fertilizer, tools and machinery, as well as livestock assistance.

In addition, the government also distributed various types of subsidies, including subsidies and electricity compensation for 39.2 million customers, 3 kg LPG subsidies for 3.3 million metric tons, subsidies and fuel compensation for 7,169.4 thousand kilo liters, and 84.5 thousand housing subsidies. units.

"In the education sector, there is a Smart Indonesia Program for 10.9 million students, a Smart Indonesia Card for 710.7 thousand students, School Operational Assistance (Kemenag) for 6.0 million students, operational assistance for 197 state universities, and Pre-Employment Cards for 529 thousand participants," he said.

Meanwhile, to accelerate infrastructure development, the government has carried out infrastructure development/rehabilitation for various benefits, such as educational facilities and infrastructure, sanitation/garbage, Drinking Water Supply System (SPAM), roads, bridges, railroads, airports, ports, dams, and irrigation.

Then, there were also funds given to communities affected by the disaster, including 38.4 thousand families for housing stimulant assistance for the Cianjur earthquake.

This is the APBN whose operations directly affect the lives of many people. With these various things, the public is still guarded by the state budget from various shocks that occur because the world economy continues to change. Commodity prices go up and down, and shock occurs in the field of energy food and disruption on the supply side," he said.

In order to maintain economic recovery and protect the community, the government has also increased the budget of IDR 8 trillion in the form of additional 10 kg/KPM/month food assistance from October to December 2023 to 21.35 million KPM.

From the Transfer to Regions (TKD) side, until the end of June 2023, Rp364.1 trillion (44.7 percent of the ago) had been distributed, slowing down 1.0 percent year on year (yoy).

The Minister of Finance said that this decline was mainly due to the preparation of the specific DAU channel requirements for stage 2 by the local government, as well as the previous TA BOS Fund remaining verification process for the education unit for BOS Fund recipients carried out by regional APIP.

The distribution of TKD is used to support regional affairs funding and the construction of public service infrastructure and operational facilities in the regions, including infrastructure development and operational support in the fields of education, health, irrigation, drinking water, agriculture, transportation, tourism, and others.

Furthermore, investment financing through Housing Financing Liquidity Facilities (FLPP) for 114,500 housing units in 386 cities/districts, through LMAN to finance the National Strategic Project (PSN) includes Toll Roads, Dams, Ports, Irigation, Raw Water, Railways, National Capital City, and National Tourism Strategic Areas.

In addition, investment financing is also used to educate the nation through the Education Fund Management Agency (LPDP). The government is also committed to providing assistance to the international community through the International Development Cooperation Fund Institute (LDKPI). The distribution of grants through LDKPI from 2020 - June 2023 has been given to 32 countries, including Timor Leste, Kep. Solomon, Fiji, Pakistan, Afghanistan, Palestine, and Ethiopia.