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Government spends 50.9% of state budget by August
Finance Minister Sri Mulyani Indrawati said on Thursday that up to August, the government had spent Rp 695.66 trillion (US$52.31 billion), or about 50.90 percent of its total spending plans for 2017 as stipulated in the revised state budget.
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Finance Minister Sri Mulyani Indrawati (Antara/Puspa Perwitasari)
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inance Minister Sri Mulyani Indrawati said on Thursday that up to August, the government had spent Rp 695.66 trillion (US$52.31 billion), or about 50.9 percent of its total spending plans for 2017 as stipulated in the revised state budget.
The government had spent Rp 644.71 trillion, or 49.3 percent, by the corresponding period last year.
“There is a bit of an increase in spending this year,” Sri Mulyani said before members of House of Representatives Commission XI overseeing financial affairs.
Read also: House approves 2017 revised budget
She explained that regional transfers had reached Rp 502.60 trillion up to the end of August, or about 65.6 percent of the year’s target for regional transfers.
Last year, regional transfers by August reached Rp 490.29 trillion, or about 63.20 percent of total regional transfers for that year.
Meanwhile, the state budget deficit hit 1.64 percent of gross domestic product (GDP), or about Rp 224.35 trillion, by August, compared to 2.09 percent, or Rp 261.47 trillion, last year. (bbn)
