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Investor Presentaiton

2022 PROPOSED BUDGET POSTURE Deficit of 4.85% of GDP with flexibility to anticipate the uncertainty 2019 2020 2021 2022 Account (IDR T) Audited Audited Growth (%) Outlook Growth (%) Proposed Budget Growth (%) State Revenue* 1,960.6 1,647.8 (16.0) 1,735.7 5.3 1,840.7 6.0 Tax Revenue 1,546.1 1,285.1 (16.9) 1,375.8 7.1 1,506.9 9.5 Non Tax Revenue 409.0 343.8 (15.9) 357.2 3.9 333.2 (6.7) State Expenditure 2,309.3 2,595.5 12.4 2,697.2 3.9 2,708.7 0.4 Central Government Expenditure 1,496.3 1,833.0 22.5 1,927.0 5.1 1,938.3 0.6 Regional Transfer & 813.0 762.5 Village Funds (6.2) 770.3 1.0 770.4 0.02 Primary Balance (73.1) (633.6) 766.8 (595.3) (6.0) (462.2) (22.4) Surplus (Deficit) (348.7) (947.7) 171.8 (961.5) 1.5 (868.0) (9.7) % to GDP (2.20) (6.14) (5.82) (4.85) Financing 402.1 1,193.3 196.8 961.5 (19.4) 868.0 (9.7) *The State Revenue include Grant State Revenue IDR 1,840.7 T Tax Revenue is projected at IDR 1,506.9 T supported by recovery and optimization policies. Non-tax revenue IDR 333.2 T due to not recurring non-service revenue and optimization government share of oil and gas revenue. State Expenditure IDR 2,708.7 T Directed to support policies synergies in health care, community protection and economic recovery ā˜ Central government expenditure IDR 1,938.3 T include: - Expenditure reserves IDR 61.8 T - Health spending and vaccination in PEN Programme IDR 44.0T Transfer to Region and Village Funds IDR 770.4 T Deficit and Budget Financing IDR 868.0 T (decreased by 9.7%) Fiscal deficit ratio 4.85% of GDP With efficient and prudent financing sources, including the use of budget surplus (SAL) 72
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