This Is The Secret Lho Of Mrs. Sri Mulyani's APBN Still Surfing Nine Months In A Row

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA - The government through the Ministry of Finance (Kemenkeu) has reported that the performance of the State Revenue and Expenditure Budget (APBN) throughout 2022 is still on a positive track.

The latest note states that until September the state's financial condition still posted a surplus of IDR 60.9 trillion.

Previously, fiscal instruments generated a surplus in January of IDR 28.9 trillion, February a surplus of IDR 19.7 trillion, March a surplus of IDR 10.3 trillion, April a surplus of IDR 103.1 trillion.

Then, in May a surplus of IDR 132.2 trillion, in June a surplus of IDR 73.6 trillion, in July a surplus of IDR 106.1 trillion, and a surplus of IDR 107.4 trillion.

Minister of Finance (Menkeu) Sri Mulyani stated that the impressive nick was caused by at least two things. First, the effect of increasing the price of Indonesian export commodities so that the government makes a profit (windfall) from the state revenue session.

"Secondly, this positive result is also supported by the national economic recovery which is now continuing to strengthen," he said at a press conference on our State Budget some time ago.

The statement of the state treasurer was not without reason. This is because Indonesia's economic growth rate is consistently at a high level in three consecutive quarters. As a result, the growth target of above 5 percent at the close of the year is expected to be achieved.

Furthermore, the steady performance of the APBN which continues to record a surplus is apparently also supported by the unpaid subsidy obligations and compensation to the two main SOEs, namely Pertamina and PLN.

This was acknowledged directly by the Minister of Finance. According to him, the administrative process and completeness of data were only completed last October.

"The government will make compensation payments of around Rp. 163 trillion, with details of Rp. 132.1 trillion for Pertamina and Rp. 31.2 trillion for PLN. We are trying to get disbursed in October because all requirements have received a review (approval) from the BPK and also coordinate with three relevant ministers and two other ministers," he said.

Thus, with the fulfillment of this government obligation, it is possible that the state budget will return to its normal condition in line with the stipulation of Presidential Decree 98/2022 which believes the budget will be minus IDR 840.2 trillion.