"The state budget also booked a funding surplus of Rp120.3 trillion and in the first semester it is predicted to have a surplus of Rp36.8 trillion and unspent financing of Rp104.1 trillion," Finance Minister Agus Martowardojo told a hearing with the House of Representatives (DPR) here on Monday.
He said that up to May the state revenues totaled Rp421.1 trillion while its expenditure amounted to Rp364.2 trillion.
It is estimated that in the first semester revenues would reach Rp498.3 trillion and state expenditures estimated at Rp461.5 trillion.
The biggest state revenues were contributed by receipts from the tax sector at Rp386.7 trillion or 45.5 percent of the budget target in the first semester. Up to May 31, it reached Rp326.6 trillion.
"Receipts from the tax sector were improving because the country`s economic conditions were supportive, high Indonesian crude prices, increase by average five percent of the tobacco customs tax, harmonized tariff policies and relatively good crude palm oil prices in the world market," the minister said.
In the meantime, the realization of the central government spending which was believed to dominate the state expenditure was expected to reach Rp263.3 trillion or 31.5 percent of state budget target, which up to may had reached Rp212.7 trillion.
Spending on civil servants dominated the the central government`s expenditure at Rp67.7 trillion and it is estimated to reach Rp85.9 trillion of the target at Rp180.8 trillion at the end of the first semester.
Spending on capital expenditure was still seen lower at Rp13.6 trillion, of the estimate in the first semester of Rp20.5 trillion while the target was set at Rp135.9 trillion.
The minister also mentioned that the prognosis of the state revenues in the second semester would exceed the estimate of Rp664.1 trillion.
(Uu.A014/HAJM)
Editor: Priyambodo RH
Copyright © ANTARA 2011
