Sri Mulyani: Until The End Of July State Revenue And Expenditure Grows Solid

Minister of Finance Sri Mulyani (Photo: Capture the screen of Indonesia's UOB Youtube)

Minister of Finance (Menkeu) Sri Mulyani stated that until July 31, 2023, Indonesia's economic activities continued to improve, supported by the performance of the state budget which was still maintained positive. According to her, state revenue and expenditure grew positively and solidly in maintaining economic recovery and protecting the community.

"Until last month our state budget in terms of state revenue reached Rp1,614.8 trillion. This means that we have collected 65.6 percent of this year's target. It is quite good, very strong actually, and this is 4.1 percent growth compared to last July's acceptance," he said during a press conference, Friday, August 11.

The Minister of Finance explained that tax revenues grew positively to Rp1,109.1 trillion (64.5 percent of the target). Then, customs and excise revenues amounted to Rp149.8 trillion (49.4 percent of the target), and non-tax state revenues (PNBP) reached Rp355.5 trillion (80.6 percent of the target).

"State spending on the one hand has been carried out IDR 1,461.2 trillion. This means that 47.7 percent of the 2023 budget ceiling have been spent and this has grown by 1.2 percent from last year's spending," he said.

The Minister of Finance added that the central government's expenditure was realized amounting to Rp1,020.4 trillion, of which Rp562.6 trillion or 55.1 percent was allocated for programs that provide direct benefits to the community. Meanwhile, the realization of transfers to regions is Rp440.9 trillion, higher than last year.

The overall position of the state budget is still in a surplus position. The magnitude of the surplus is IDR 153.5 trillion or 0.72 percent of our total national gross domestic product (GDP). In terms of primary balance, it is also a surplus of IDR 394.5 trillion," he said.

The Minister of Finance said that the performance of the APBN which is positive and the economy that continues to grow is expected to support Indonesia in facing global economic uncertainty.

Various challenges such as global economic fluctuations and changes in market conditions encourage the government to take strategic steps to protect the public from negative impacts. The state budget will continue to work hard to become a shock absorber to maintain people's welfare," he said.