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Jakarta Post

State budget deficit reaches Rp 101 trillion in April

  • Bambang Nurbianto
    Bambang Nurbianto

    The Jakarta Post

Jakarta   /   Fri, May 17, 2019   /   03:28 pm
State budget deficit reaches Rp 101 trillion in April Finance Minister Sri Mulyani Indrawati. (AFP/Zach Gibson)

The Finance Ministry announced that the state budget deficit had reached Rp 101 trillion (US$6.97 billion) as of April this year, compared to the deficit of Rp 54.9 trillion in the corresponding period, last year.

The total state revenue collected up to late April reached 530.7 percent or 0.5 percent year-on-year (yoy) growth, while spending reached 632.8 trillion or 8.4 percent yoy growth.

State revenue collection up to April was equivalent to 24.5 percent of the Rp 2.17 quadrillion whole year target as stipulated in the state budget, while spending was equivalent to 25.7 percent of the projected whole year spending of Rp 2.46 quadrillion.

Meanwhile, budget financing reached Rp 142.8 trillion, 48.6 percent of the whole year target of Rp 296 trillion. Meanwhile, debt financing had reached Rp 145 trillion or 40.4 percent of the whole year target of Rp 359.25 trillion.

Finance Minister Sri Mulyani Indrawati said the state budget implementation up to April was still safe, while the government was on alert over the uncertain global economic situation, which was a threat to the Indonesian economy.

 “From all indications, we have to be alert. But state revenue is still growing, spending has been maintained and the deficit is still controllable,” said Sri Mulyani in Jakarta on Thursday night as reported by (bbn)