Government Measures to Mitigate Covid-19 Risk
THE STATE BUDGET BECOME THE PRIME MOVER FOR THE ECONOMY
The realization as of January 2021 is still conserved, spending acceleration to support the continuation of PEN
and the first batch of the vaccination programme
2020
2021
Account
(IDR T)
Realizatio
Realizatio
n as of 31
Jan 2020
% of Perpres
72/2020
Growth (%)
Budget
n as of 31
Jan 2021
% of Budget
Growth (%)
Revenue
105.1
6.2
(3.3)
1,743.6
100.1
5.7
(4.8)
Tax Revenue
80.8
6.7
(6.1)
1,229.6
68.5
5.6
(15.3)
Customs & Excise
4.5
2.2
16.0
215.0
12.5
5.8
175.3
Non Tax Revenue
19.7
6.7
5.8
298.2
19.1
6.4
(2.9)
Grant
0.1
7.3
25.1
0.9
0.0
0.5
(94.8)
Expenditure
139.9
5.1
(9.1)
2,750.0
145.8
5.3
4.2
Central Government Expenditure
71.5
3.6
(6.1)
1,954.5
94.7
4.8
32.4
Regional Transfer & Village
68.4
9.0
(12.0)
795.5
51.1
6.4
(25.3)
Funds
Primary Balance
(12.2)
1.7
(44.8)
(633.1)
(21.0)
3.3
72.3
Surplus (Deficit)
(34.8)
3.3
(23.0)
(1,006.4)
(45.7)
4.5
31.5
% to GDP
(0.23)
(5.70)
(0.26)
Financing
68.9
6.6
(44.3)
1,006.4
165.9
16.5
140.7
SILPA (SIKPA)
34.1
120.2
State revenue realization was
mainly supported by customs
and excise performance;
(excise tax policy and
increased exports align with
rising commodity prices).
Meanwhile, taxation and non-
tax revenue are still under
pressure due to economic
activity and oil prices that had
not fully recovered.
The expenditure grew
positively, mainly driven by
capital expenditures to
support infrastructure
development and social
assistance to protect the
community.
Budget deficit reached IDR45.7
T (0.26% to GDP).
Budget financing is still on
track, supported by positive
sentiment in the financial
market, capital flows, and
foreign investment.
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