What Is The Surplus State Budget? Here's The Retail

What Is The Surplus State Budget (Image Yosep Surahman - Unsplash)

YOGYAKARTA - The government noted that the realization of the state revenue and expenditure budget as of May 2023 faced a surplus of IDR 204, 3 trillion. There is also a realization equivalent to 0.97 percent of gross domestic products.

Finance Minister Sri Mulyani said the state revenue and expenditure budget still recorded a positive performance until May 2023. There is also a primary balancer facing a surplus of IDR 390.5 trillion as of May 2023.

"The state of the state budget until the end of May is still in surplus, the total APBN is Rp. 204, 3 trillion, this means reaching 0.97 percent of the total GDP expected this year," he said at a press conference, Monday (26/6/2023).

For him, this surplus was obtained from state revenue of Rp. 1. 209, 3 trillion as of May 2023 or 49.1 percent of the total APBN target in 2023. This shows a 13 percent development compared to revenue in May 2022.

In terms of state spending, Sri Mulyani delivers the total ceiling for the 2023 fiscal year, which has realized spending of IDR 1,005, 0 trillion as of May 2023.

"This means 32, 8 percent of the total state spending ceiling has been spent, this is up 7.1 percent on an annual basis," he said.

The APBD surplus is a difference of more between Regional Income and Regional Expenditures in the same fiscal year. The surplus takes place if the amount of income is greater than the amount of expenditure.

If the APBD faces a surplus, it does not often mean that the area has excess cash, but this matter takes place because the regional income budget is greater than the regional budget. The budget surplus for income can be budgeted by the region for principal debt payments, regional capital participation (investment), lending to the central government/other regions, as well as making reserve funds (for example: for Pilkada funds, for infrastructure development).

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