Indonesia’s Finance Minister, Sri Mulyani has announced that the performance of the State Budget in the first semester of 2023 “is still solid and good.” She made the announcement in a press conference live-streamed on the official YouTube channel of the Ministry of Finance on Monday, July 24, 2023, according to reporting from Tempo.
Sri Mulyani explained that the State Budget until the end of June 2023 reached IDR 1,407.9-trillion, 57.2-percent of the total 2023 national income target. The national income growth increased by 5.4-percent compared to 2022. “This is relatively normal, we always see the national income with double digit growth,” she said.
Meanwhile, so far this year the state has spent IDR 1,255.7-trillion of state expenditure 41-percent of the total budget this year. It is a 0.9-percent rise from the total state expenditure last year, say Tempo.
This means the State Budget is still in surplus at IDR 152.3-trillion or 0.71-percent of the gross domestic product (GDP). Sri Mulyani stressed that the 2023 State Budget was designed in a deficit posture.
“So the fact that it is still positive gives the impression that the 2023 deficit can be maintained and even decreased. The primary balance is at IDR 368.2-trillion, bigger compared to last year,” said the minister.
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