2022 State Budget and Fiscal Incentives Presentation
2021 Budget Records An Excellent Performance
Gov't revenue exceeds the target; Expenditure is optimal, while efficient Budget Financing in
2021 serves as strong capital for fiscal consolidation in 2023
The realization of the 2021 Budget Deficit is around
4.65% of GDP, Rp222.7 Trillion lower than the target:
Revenue outturn is 14.9% above the target, also
surpassing the pre-pandemic level
•
For the first time in 12 years, tax collection surpassed
the target owing to the strengthening economy,
while at the same time providing incentives for the
business world.
Surging commodity prices and trade performance
has boosted custom and non-tax revenue.
Government spending increased strongly to support
the covid-19 containment efforts and facilitating
recovery economic recovery
2019
2020
2021
Account
(IDR T)
Diff
Audited
Growth
(%)
Audited
Growth
(%)
Budget Realized* from
budget
% of
Budget
YOY
(%)
A. Revenue
I. Tax Revenue
1,960.6
1,332.7
II. Customs & Excise
213,5
0.9
1.5
3.9
1,647.8 16.0
1,072.1 (19.6)
213.0 0.2
III. Non-tax Revenue
409,0
(0.1)
B. Expenditure
2,309.3
4.3
I. Central Government
1,496.3 2.8
1. Line Ministries
873,4
3.2
343.8 (15.9)
2,595.5 12.4
1,833.0 22.5
1,59.6 21.3
2. Non-Line Ministries
622,9
2.3
773.3
24.2
Of which: a. Interest Rate
275.5
6.8
314.1
14.0
373.3
b. Subsidy
201.9
(7.0)
196.2
(2.8) 175.4
1,743.6 2,003.1
1,229.6 1,277.5
215.0 269.0
298.2 452.0
2,750.0 2.786.8
1,954.5 2.001,1
1,032.0 1,189.1
922.6 812.0
343.5
243.1
259.4 114.9 21.6
47.9 103.9 19.2
54.0 125.1 26.3
153.8 151.6 31.5
36.7 101.3 7.4
46.5 102.4 9.2
157.1 115.2 12.2
(110.6) 88.0 5.0
(29.8) 92.0 9.4
67.7 138.6 23.9
•
II. Regional Transfer & Village
Funds
813.0
7.3
762.5
(6.20
795.5
785.7
(9.8)
98.8
3.0
C. Primary Balance
(73.1)
536.4
D. Surplus (Deficit)
(348.7)
29.4
% to GDP
(2.2)
(633.6) 766.4
(633.1) (440.2)
(947.7) 171.8 (1,006.4) (783.7)
(6.14)
(5.70) (4.65)
192.9
222.7
69.5 (30.5)
77.9 (17.3)
E. Financing
402.1
31.5
F. Surplus of Financing
53.4
245.6
*preliminary numbers
1,193.3 196.8 1,006.4 868.6
(137.7) 86.3 (27.2)
84.9
Line Ministries' (LM) spending went up, focusing on
the pandemic handling and social welfare programs.
Efficient debt interest payments supported by low
yields & reduced debt issuance
Transfer to region increased to support regional
government in tackling the covid-19 and supporting
recovery
Lower debt financing of Rp310 T by utilizing SKB III
and accumulated budget surplus (SAL), while the main
investment financing is to support infrastructure.
Surplus of Financing (SILPA) 2021 is IDR 84.9 T, as
the impact of a lower deficit and more efficient
budget financing.
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