The Indonesian State Budget Records a Surplus of IDR 147.2 Trillion as of August 2023

STATE BUDGET - JAKARTA. The State Revenue and Expenditure Budget (APBN) for 2023 still recorded a surplus as of August 2023.

Indonesian Finance Minister Sri Mulyani Indrawati said the APBN 2023 experienced a surplus of IDR 147.2 trillion in August 2023. This figure contributed 0.70% to the Gross Domestic Product (GDP).

Just so you know, the APBN surplus in August 2023 was actually higher compared to the same period last year. This is because the APBN surplus in August 2022 was only recorded at IDR 107.4 trillion.

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"Our APBN until the end of August still recorded a surplus of IDR 147.2 trillion or measured from GDP is 0.70%," said Sri Mulyani in Our APBN Press Conference, Wednesday (20/9).

Sri Mulyani conveyed, the APBN surplus in August 2023 came from state revenue that collected IDR 1,821.9 trillion. This realization grew by 3.2% year on year (YoY) and has reached 74.0% of the 2023 APBN target.

On the other hand, the realization of state expenditure until August 2023 has reached IDR 1,674.7 trillion, or 54.7% of the APBN expenditure target. The realization of state expenditure also grew by 1.1% from the same period last year.

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With the APBN performance that experienced a surplus, Sri Mulyani said, the primary balance in August 2023 also recorded a surplus of IDR 422.1 trillion.

The primary balance itself is the total state revenue minus state expenditure outside of debt interest payments.