Investor Presentaiton
State Budget Plays Important Role in Handling Covid-19 Pandemic
While facing a challenge on state revenue, government expenditure keep the economy afloat and enable people to retain their incomes
2020
Account
(IDR T)
2019
Realization
% of budget*
Growth (%)
Revenue
1,916.6
1,633.6
96.1
(16.7)
Tax Revenue
1,332.7
1,070.0
89.3
(19.7)
Customs & Excise
213.5
212.8
103.5
(0.3)
Non Tax Revenue
409.0
338.5
115.1
(17.2)
Grant
5.5
12.3
945.8
123.7
Expenditure
2,309.3
2,589.9
94.6
12.2
Central Government Expenditure
1,496.3
1,827.4
92.5
22.1
Regional Transfer & Village Funds
813.0
762.5
99.8
(6.2)
Primary Balance
(73.1)
(642.2)
91.7
778.1
Surplus (Deficit)
(348.7)
(956.3)
92.0
174.3
% to GDP
(2,20)
(6,09)
402.1
1,190.9
114.6
196.2
Financing
* under Presidential Decree No. 72/2020
Source: Ministry of Finance
Covid-19 become the major
challenge for state revenue.
The contraction occurred
since the realization of tax
revenue declined, due to
economic slowdown and
tax incentives provisions.
Government expenditure
focus on Covid-19 handling
program and provide
extensive social safety net,
also support for business
including SMSES.
Financing strategy is
prudently managed to
support extraordinary
measures in Covid-19
handling and its economic
consequences.
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