Sri Mulyani Ready To Announce The Latest State Budget Condition, This Month Is Bu's Deficit?

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

JAKARTA - Minister of Finance (Menkeu) Sri Mulyani is planned to hold a press conference related to the latest 2022 State Revenue and Expenditure Budget (APBN) achievements. Based on the information obtained, the Minister of Finance will explain the posture of the August 2022 edition of the State Budget.

"The Press Conference of the KiTa State Budget for the September 2022 Edition (for the August period) will present the resource persons of the Minister of Finance, the Deputy Minister of Finance, and the Echelon I Officer," said an internal editor in a written statement, Monday, September 26.

So, what exactly is the picture of state finances based on the last report card?

VOI noted that the performance of the APBN throughout this year was quite capable. This is reflected in the surplus achievement which still persists from January to July 2022.

The slick score is mainly supported by two things. First, the state revenue sector, which is in a state of tirian collapse, aka windfall due to rising commodity prices.

Second, Indonesia's export-import performance, which continues to record a trade balance surplus with a record 28 consecutive months.

As a result, the January State Budget posted a surplus of IDR 28.9 trillion. Followed by a surplus in February of IDR 19.7 trillion, in March a surplus of IDR 10.3 trillion, in April a surplus of IDR 103.1 trillion.

Then, May's surplus of Rp132.2 trillion, June's surplus of Rp73.6 trillion and July's surplus of Rp106.1 trillion.

Due to this positive result, the debt withdrawal plan to patch this year's budget deficit has decreased drastically. It was stated that until July 2022 the realization of APBN financing was IDR 236.9 trillion.

This number decreased sharply when compared to the same period in 2021 of IDR 468.8 trillion.

The government itself has issued a outlook for this year's APBN deficit of 3.92 percent of gross domestic product (GDP). This figure is much better than 2021 which is 4.57 percent of GDP and 2020 by 6.14 from GDP.

Meanwhile, for next year the state budget will be healthy again with a deficit target below 3 percent, which is 2.84 percent of GDP.

However, Minister of Finance Sri Mulyani some time ago had sent a signal that the trend of the APBN surplus would end in the middle of the second half of 2022.

"Maybe it could change (surplus to deficit) in August or September because the government has to pay subsidies to Pertamina," he said on an occasion.