Absorbed 99.5 Percent, Expenditures in the 2022 State Budget Reach IDR 3,090.8 Trillion

Illustration (Photo: Doc. Antara)

JAKARTA - The Minister of Finance, Sri Mulyani, said that the realization of state spending in the 2022 State Budget reached IDR 3,090.8 trillion, or the equivalent of 99.5 percent of the allotted allocation of IDR 3,106.4 trillion.

"State spending is optimized by 99.5 percent of the ceiling to achieve development targets while at the same time functioning as a shock absorber for the community", she said while giving a presentation to journalists on Tuesday, January 3.

According to the Minister of Finance, spending is divided into two main groups, namely central government spending of IDR 2,274.5 trillion and transfers to regions (TKD) worth IDR 816.2 trillion.

Central government spending consists of IDR 1,079.3 trillion for ministries/institutions, as well as IDR 1,195.2 trillion for non-ministry/institutional spending (IDR 551.2 trillion of which is subsidy/compensation spending for Pertamina and PLN).

"Ministry/agency spending is used, among other things, to carry out priority programs and strengthen protection for the public. Meanwhile, non-ministerial and institutional expenditures are mainly aimed at energy subsidies and compensation in curbing the rate of inflation and protecting people's purchasing power", she said.

Meanwhile, transfers to the regions were realized for IDR 816.2 trillion, or 101.4 percent higher than the ceiling of IDR 804.8 trillion.

"Transfer to the regions to support economic recovery and public services in the regions", she said.

For information, the 2022 State Budget also records a state revenue of IDR 2,626.4 trillion. Based on this score, the budget deficit is IDR 464.3 trillion, or the equivalent of 2.38 percent of gross domestic product (GDP).