Indonesia's budget deficit reaches Rp74.5 trillion

Indonesia's budget deficit reaches Rp74.5 trillion

Vice Finance Minister Suahasil Nazara.  (ANTARA/Astrid Faidlatul Habibah)

The deficit reached Rp74.5 trillion, well below Rp100.3 trillion recorded in April 30, 2019
Jakarta (ANTARA) - Indonesia's budget deficit in the year ending April 30, 2020 reached Rp74.5 trillion, accounting for 0.44 percent of the national gross domestic product (GDP), Vice Finance Minister Suahasil Nazara said.

The budget deficit represented 8.7 percent of the state budget ceiling, set in presidential regulation number 54/2020 at Rp852.9 trillion, or 5.07 percent of the GDP, he said at a press conference on Wednesday in Jakarta.

"The deficit reached Rp74.5 trillion, well below Rp100.3 trillion recorded in April 30, 2019," the minister noted.

The budget deficit in the year ending April 30, 2019 accounted for 0.63 percent of the GDP, he pointed out.

Meanwhile, state revenues until late April, 2020 amounted to Rp549.5 trillion, or 31.2 percent of the target of Rp1,760.9 trillion set in the revised 2020 state budget, in accordance with presidential regulation number 54/2020. State revenues also rose 3.2 percent compared to Rp532.3 trillion a year earlier.

The state revenues of Rp549.5 trillion comprised tax receipts worth Rp434.3 trillion and non-tax state revenues worth Rp114.5 trillion.

Tax receipts fell 0.9 percent from Rp438.1 trillion a year ago, and reached 29.7 percent of the target of Rp1,462.6 trillion set in the revised 2020 state budget, while non-tax state revenues rose 21.7 percent from Rp94.1 trillion a year earlier, and accounted for 38.5 percent of the target of Rp297.8 trillion set in the revised 2020 state budget.

The minister said state revenues from grants until April, 2020 stood at Rp0.7 trillion, up 327.6 percent from Rp0.2 trillion in the same period last year, and represented 135.2 trillion of the target of Rp0.5 trillion.

State spending until April, 2020 reached Rp624 trillion, down 1.4 percent from Rp632.6 trillion a year ago, and accounted for 23.9 percent of the target of Rp2,613.8 trillion, he added.

"It contracted due to the reallocation of budget fund for goods and official travels," he continued.

State spending comprised the central government's spending, worth Rp382.5 trillion, and fund transfers and village funds, worth Rp241.4 trillion.

The central government's spending accounted for 20.7 percent of the target of Rp1,851.1 trillion and rose 3.4 percent compared to Rp370.1 trillion in the same period last year. (INE)
 

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