Sri Mulyani Is Ready To Explain The Realization Of The First Semester Of The State Budget Tomorrow, This Is Her Report To The DPR Some Time Ago

Finance Minister Sri Mulyani (right) talks with BI Governor Perry Warjiyo (Photo: Doc. Antara)

JAKARTA - The Minister of Finance (Menkeu) is planned to provide an official statement regarding the achievement of the State Budget for the first semester of 2022 on Wednesday, July 27. This was revealed from the statement of Deputy Minister of Finance (Wamenkeu) Suahasil Nazara yesterday while giving lectures to STAN students.

Although the explanation of the first half of this year's APBN will only be delivered by the Minister of Finance tomorrow, but from the documents obtained by VOI on the government's first semester APBN report to the DPR, it is known that the state's financial performance continues a positive trend.

This is reflected in the record surplus of IDR 73.6 trillion at the end of last June. This book also continues the surplus since January 2022, which at that time was Rp. 28.9 trillion.

Furthermore, the results achieved are in stark contrast to the conditions in the first semester of 2021 which experienced a deficit of IDR 283.1 trillion. It should be borne in mind that at that time Indonesia was under great pressure due to the COVID-19 delta variant which caused the country to spend large amounts of money on countermeasures.

Furthermore, it is known that the results of the first semester of moncer cannot be separated from the performance of state revenues which shot up to Rp1,317.2 trillion or equivalent to 58.1 percent of Presidential Decree 98/2022 which targets Rp2,266.2 trillion.

Just so you know, Perpres 98/2022 is a government policy that revised upwards where previously in the APBN Law it was estimated that 'only' was Rp.1,846.1 trillion.

In fact, in the latest outlook, Minister of Finance Sri Mulyani estimates that this revenue sector can penetrate up to Rp2,436.9 trillion. This optimistic tone is supported by high state revenues from commodities and the recovering business world tax collections.

Then for APBN spending, until the first semester of 2022, Rp1,243.6 trillion has been absorbed. This amount represents 40 percent of the ceiling of Perpres 98/2022 and is higher than the first semester of 2021 spending period, which is Rp. 1,170.2 trillion.

In general, the slick notch in state finances in the first half made the government reduce the potential for budget financing with a realization of IDR 153.5 trillion. This value is only 18.3 percent of the overall estimate of Rp. 840.2 trillion for the year.

Thus, the estimated 2022 State Budget deficit at the close of the period is expected to be lower than the 4.5 percent target of gross domestic product (GDP).