Investor Presentaiton
Strong Budget Performance Continued In 2022
Revenue is very strong supported by the economic recovery and global commodity prices, while higher
expenditure aims to anticipate the increasing of energy subsidy and compensation
2021
2022
Revised
Account
(IDRT)
YTD
Audited
Budget
% of
Budget
Growth
Budget
31 Aug
(%)
(Perpres
2022
% of
Perpres
98/2022
Growth
(%)
98/2022)
A. Revenue
2,011.3
115.4
22.1
2,266.2
1,764.4
77.9
49.9
I. Tax Revenue
1,547.8
107.2
20.4
1,784.0
1,378.0
77.2
53.8
1. Tax
1,278.6
104.0
19.3
1,485.0
1,171.8
78.9
58.1
2. Custom & Excise
269.2
125.2
26.4
299.0
206.2
69.0
30.5
II. Non-Tax Revenue
458.5
153.8
33.4
481.6
386.0
80.1
38.9
B. Expenditure
2,786.4
101.3
7.4
3,106.4
1,657.0
53.3
6.2
I. Central Government
2,000.7
102.4
9.1
2,301.6
1,178.1
51.2
8.3
II. Regional Transfer & Village
785.7
98.8
3.0
804.8
478.9
59.5
1.3
Funds
C. Primary Balance
(431.6)
68.2
(31.9)
(434.4)
342.1
(78.8)
301.5
D. Surplus (Deficit)
(775.1)
77.0
(18.2)
(840.2)
107.4
(12.8)
128.0
% to GDP
(4.57)
80.2
(5.6)
(4.50)
0.6
E. Financing
872
86.6
(27.0)
840.2
286.8
34.1
(46.0)
F. Financing Surplus
96.67
394.2
Source: Ministry of Finance
The Government revenues grew
significantly, supported by increased
economic activity, the impact of the
implementation of the Law on
Intergovernmental Transfer, and
rising commodity prices.
The government expenditures are
directed towards the distribution of
various social assistance &
subsidies, funding for national
strategic projects, as well as
economic recovery programs,
including Transfers to Regions.
The Budget Surplus and Primary
Balance are still within the
responsive corridor to face market
pressures and the dynamics of the
budget
Budget Financing is managed
efficiently and carefully amidst
global economic uncertainty.
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