2022 State Budget and Fiscal Incentives Presentation
External Sector Remains Resilient
Supported by Adequate Reserves and Sound Balance of Payments
Balance Of Payment Remains Solid
US$bn
10
25050
-5
-10
-15
Current Account Recorded Surplus in Q3-2021
2019:
2013:
2014: 2015: 2016: 2017: 2018:
2020: 2021:
CA Deficit CA Deficit CA Deficit CA Deficit CA Deficit
(US$29.1bn) (US$26.7bn) (US$17.5bn) (US$16.9bn) (US$16.2bn) (US$30.6bn) (US$30.3bn) (US$4.5bn) (US$4.5bn)
CA Deficit CA Deficit CA Deficit CA Surplus
A A A A
US$bn US$bn
146.87
миним
10.69
6.09
160 18
120
4.47 80
13
8
3
-2
-7
40
0
-12
པ་ད་པས་བག་---སོ་ན་
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q401020304010203040
1.49 2.0
1.0
15.03 0.0
-1.0
1.42 -2.0
(8.34)-3.0
(3.63)
-4.0
-5.0
2017:
Surplus
US$bn
8
6
4
2
0
-2
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q-
2013
2014
2015
2016
2017
2018
O Current Account
Overall Balance
Source: Bank Indonesia
Trade Balance Surplus Continues
2016:
Surplus
US$11.83bn
US$8.83bn
2018:
2019:
Deficit
Deficit
(US$8.65bn) (US$3.24bn)
2020:
Surplus
2021:
Surplus
(US$21.81bn) (US$33.84n)
US$bn
Q2Q3Q4Q1Q2Q3Q4Q1Q203 Q4Q1Q2Q3Q4Q1Q2Q3
2019* 2020* 2021**
Capital and Financial Account
--Reserve Asset (rhs)
2013
2014
2015
2016
Goods
Primary Income
Current Account (%GDP) (rhs)
Source: Bank Indonesia
2017
2018
2019*
2020* 2021**
Services
Secondary Income
Official Reserve Assets Increased to Reinforce External Sector Resilience
FX Reserves as of December 2021: US$144.9 bn
(Equiv. to 7.8 months of imports + servicing of government debt)
FX Reserves (LHS)
Month of Import & Debt Service (RHS)
150
OG
Non-OG
Total
Month
15
14
140
130
3.3
120
m m M M A
110
при
1.02
100
90
-2.28
80
70
-4
60
5432IO
13
12
11
10
PETELL9876543211
50
14 7 10 1 4 7 10 14 7 10 1
4 7 10 14 7 10 1
4 7 1012
2016
Preliminary Figure
Source: BPS
2017
2018
2019
2020
2021
Very Preliminary Figure
2016
Source: Bank Indonesia
2017
2018
2019
2020
2021
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