During a working meeting with the Finance Ministry, she said the realization of state expenditure reached Rp2,595.4 trillion, or 97.7 percent of the target of Rp2,739.1 trillion.
As a result, the 2020 state budget registered a deficit of Rp947.6 trillion, or 91.1 percent of the target of Rp1,039.2 trillion, she informed.
Related news: Govt must focus on optimizing 2022 tax revenue: House member
The realization of budget financing to offset the deficit is Rp1,193.2 trillion, or 114.8 percent of the 2020 state budget target, pegged at Rp1,039.2 trillion, Asmara said.
“Based on the budget deficit and the budget financing, the amount of unspent funds reached Rp245.6 trillion,” she added.
She said accumulated cash surplus in early 2020 reached Rp212.7 trillion, of which Rp70.6 trillion had been used.
Based on the accumulated cash surplus in early 2020 and the use of accumulated cash surplus and unspent funds in 2020, the unadjusted accumulated cash surplus amounted to Rp387.6 trillion and further increased to Rp388.1 trillion by the end of 2021, she added.
Related news: State budget has become extraordinary economic driving force: minister
Translator: Agatha Olivia V, Suharto
Editor: Rahmad Nasution
Copyright © ANTARA 2021
