National Economic Recovery Program Update
2023 GOVERNMENT BUDGET TO INCREASE PRODUCTIVITY AND
RESPOND TO RISKS OF GLOBAL ECONOMIC UNCERTAINTY
2020
2021
2022
2023
5.0
5.1
5.0
5.2
5.3
3.7
Account
(IDR T)
Audited
Audited Budget
Perpres Realization
98/2022 (Preliminary)
Budget
Growth*
(%)
State Revenue*
-1.8
-2.2
Tax Revenue
-2.5
о
-2.8
O
-2.4
(269.4)
-4.6
O
Non Tax Revenue
1,647.8
1,285.1
343.8
-2.1
(341.0)
(348.7)
State Expenditure
2,595.5
2,011.4 1,846.1 2,266.2
1,547.9 1,510.0 1,784.0
458.5
335.6
481.6
2,786.4 2,714.2 3,106.4
2,626.4
2,034.5
588.3
2,463.6 (6.2)
2,021.2
441.4
(0.7)
(25.4)
3,090.8
3,061.2 (1.0)
(464.3)
(598.2)
-6.1
Central Government
Expenditure
1,833.0
2,000.7
1,944.5
2,301.6
2,274.5
2,246.5 (1.2)
(775.1)
Regional Transfer &
762.5
785.7
769.6
804.8
816.2
814.7
(947.7)
Village Funds
(0.2)
2017
2018
2019
2020
2021
2022 2023 Budget
(Preliminary
Primary Balance
(633.6)
(431.6)
(462.2)
(434.4)
(78.0)
(156.8) (81.9)
Realization)
Surplus (Deficit)
(947.7)
(775.1) (868.0)
(840.8)
(464.3)
(598.2) (18.3)
Deficit (IDR Triliun)
Economic Growth (%)
--Deficit to GDP (%)
% to GDP
(6.14)
(4.57)
(4.85)
(4.50)
(2.38)
(2.84)
Financing
1,193.3
871.7
868.0
840.2
583.5
598.2
(33.1)
髮
Economic Growth
5.3%
Inflation
3.6%
Exchange Rate
IDR 14,800/USD
10Y T-Bonds Rate
7.9 %
ICP
90
Oil Lifting
Gas Lifting
USD/Barrel
660
Thousand bpd
1,100
million bpd
Source: Ministry of Finance
Note: *% Growth of 2022 Budget Realization (Preliminary)
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