Positive Performance Continues, State Budget Surplus Increases To IDR 131.8 Trillion In February

Illustration (Photo: Doc. Ministry of Finance)

The Ministry of Finance (Kemenkeu) reported that the positive trend of the State Revenue and Expenditure Budget (APBN) at the beginning of this year continued by posting a surplus of IDR 131.8 trillion in February 2023.

Minister of Finance (Menkeu) Sri Mulyani said that this figure was equivalent to 0.63 percent of Gross Domestic Product (GDP).

"The performance of the State Budget in February 2023 recorded a surplus supported by a positive shopping trend, and balanced with strong income performance," he said as quoted on Wednesday, March 15.

The Minister of Finance detailed that the results of state financial moncers were formed from a higher revenue sector with IDR 419.6 trillion (growing 38.7 percent year on year/yoy) compared to the state expenditure sector which amounted to IDR 287.8 trillion (growing 1.8 percent yoy).

"The realization of state revenue is 17 percent of the state budget, while state expenditure is 9.4 percent of the target," he said.

Meanwhile, this score made the primary balance also a surplus of Rp. 182.2 trillion at the end of last month. Meanwhile, VOI recorded a higher surplus of the February 2023 State Budget compared to the surplus in January 2023 which amounted to Rp90.8 trillion.