The state budget surplus jumped 128.5 percent to IDR 234.7 trillion as of April

Thus last year’s state budget was very good, this year it will be even better until April

Jakarta (Armfalcon.com) – Minister of Finance (Menkeu) Sri Mulyani conveyed that the surplus in the State Budget (APBN) as of April 2023 rose sharply by 128.5 percent compared to the same period last year (year-on-year/yoy) to IDR 234.7 trillion.

The surge was caused by state revenue which shot up 17.3 percent (yoy) to IDR 1,000.5 trillion, so it was far higher than the realization of state spending which reached IDR 765.8 trillion or grew 2 percent (yoy).

“Thus the condition of last year’s State Budget was very good, this year it will still be even better until April,” said Sri Mulyani at a press conference on the KiTa State Budget for May 2023 which was monitored online in Jakarta, Monday.

The APBN surplus ratio is equivalent to 1.12 percent of gross domestic product (GDP).

Sri Mulyani detailed the realization of state revenue for the first four months of this year, including tax revenue of IDR 782.7 trillion or a growth of 15.8 percent (yoy) and non-tax state revenue (PNBP) of IDR 217.8 trillion or a jump of 22.8 percent (yoy). ).

In more detail, tax revenues consist of tax revenues worth IDR 688.1 trillion or a growth of 21.3 percent (yoy) and revenues from customs and excise IDR 94.5 trillion or a decrease of 12.8 percent (yoy).

Meanwhile, the realization of state spending consisted of central government expenditure of Rp. 522.7 trillion or a growth of 2.9 percent (yoy) and transfers to the regions of Rp. 243.1 trillion or an increase of 0.3 percent (yoy).

Central government spending includes the realization of spending by ministries/institutions (k/l) amounting to IDR 257.7 trillion or growing 1.6 percent (yoy), as well as non-k/l spending amounting to IDR 265 trillion or up 4.1 percent (yoy).

Thus, he revealed that the primary balance of the state treasury experienced a surplus of IDR 374.3 trillion or grew 69.7 percent (yoy). The primary balance is the difference between state revenue minus state spending, excluding debt interest payments.

Even though the State Budget experienced a surplus, budget financing was still carried out valued at IDR 223.9 trillion until last month or an increase of 56.3 percent (yoy).

“The realization of this budget financing is to anticipate an increase in global interest rates, so there is indeed a significant increase,” he explained.

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source: www.antaranews.com

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