2022 State Budget and Fiscal Incentives Presentation
2022 Budget Continues To Support Economic Recovery And Structural Reform
While also become an important step toward fiscal consolidation
Macro-Economic
Assumption
R
Economic
Growth
5.2%
Deficit (% to GDP)
(in trillion)
Budget 2021 Figures
Revenue
IDR 1,846.1 T
Tax
-4.65
3.0%
Inflation
(348.7)
-6.1
-4.85
O
IDR 1,510.0 T
Exchange
Rate
14,350
10-year
T-Bonds Rate
ICP
(USD/barrel)
Oil Lifting
('000 bpd)
6.80%
2019
663
63
703
Gas Lifting
('000 bopd)
1,036
Non-Tax Revenue
IDR 335.6 T
Expenditure
IDR 2,714.2 T
CG Expenditure
IDR 1,944.5 T
Transfer to Region
IDR 769.6 T
Grant
(947.7)
2020
(868.6)
2021*
(868.0)
IDR 0.6 T
2022**
Note: * Temporary realization;
**Gov't Budget figures; excluding the impact from HPP Law (tax reform)
Revenue
• Tax Revenue: Continue the tax reforms, tax
base expansion, taxpayers compliance &
administration improvement, and better
measured & targeted of tax incentives.
• Non-tax revenue among others, improving the
planning, supervision and reporting through
more integrated IT system; and asset
optimization.
Expenditure
• Policies synergies in health care (incl. health
system reform), social protection and economic
recovery.
• Strengthening programs to build competitive
human resources and carrying on infrastructure
development and technology adaptation.
• Strengthening fiscal decentralization to improve
welfare and distribution between regions.
Financing
• Deficit and Budget Financing to decrease
by 9.7%
⚫ Fiscal deficit ratio is set at 4.85% of GDP.
• With efficient and prudent financing
sources, including the use of accumulated
budget surplus.
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