State spending up 11.2%, reaches Rp141.4 trillion in Jan: minister

State spending up 11.2%, reaches Rp141.4 trillion in Jan: minister

A screenshot of Finance Minister Sri Mulyani Indrawati at a press conference on APBN KiTa in February 2023, which was accessed from Jakarta on Wednesday (February 22, 2023). (ANTARA PHOTOS/Agatha Olivia Victoria/my)

Jakarta (ANTARA) - Finance Minister Sri Mulyani Indrawati has said that state expenditure in January 2023 reached Rp141.4 trillion (US$9.3 billion), reflecting an increase of 11.2 percent compared to the same period of the previous year.

"This realization makes up 4.6 percent of the state budget target of Rp3,061.2 trillion (US$201 billion)," Minister Indrawati said at a press conference on APBN KiTa, where the state budget was discussed. The press conference was accessed from here on Wednesday.

The spending comprised Rp83.2 trillion (US$5.5 billion) in central government spending, an increase of 15.2 percent year on year (yoy) and regional transfers of Rp58.2 trillion (US$3.8 billion), which grew 5.9 percent yoy.

The central government spending comprised Rp28.7 trillion (US$1.9 billion) in ministerial and institutional spending, which recorded a growth of 31.5 percent yoy. It also included spending other than for ministries and institutions, which was recorded at Rp54.5 trillion (US$3.6 billion), or up 5.9 percent yoy.

The ministerial and institutional spending was mainly targeted at school operation funding, machinery and tools, infrastructure and buildings, facilities and logistics, state assets maintenance, social aids, and for the institution's own operational needs.

Non-institutional spending was utilized for non-energy subsidies, with Rp10.7 trillion (US$703.6 million) allotted for people's credit and Rp19.5 trillion (US$1.3 billion) for the pension program, an increase of 5.1 percent yoy.

The realization of transfers to regions, which was capped at 7.1 percent of the state budget target, was prompted by profit-sharing funds of Rp10.8 trillion (US$710 million), which recorded a growth of 8.4 percent yoy, particularly from the mineral and coal funds, she disclosed.

Meanwhile, the general allocation fund was lower at Rp 47.4 trillion (US$3.1 billion), reflecting a growth of 12 percent.

"Moreover, other transfers to regions components such as non-physical special allocation funds and village funds have begun to be disbursed in February. So is the physical special allocation fund, which will be distributed in March at the earliest," she elaborated. 

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