Indonesia's COVID-19 Vaccination and Economic Resilience Strategy
Strong Budget Performance Continued In 2022
Revenue is very strong supported by the economic recovery and global commodity prices
2021
2022
Account
(IDRtn)
Revised
YTD
Audited
Budget
% of
Budget
Growth
Budget
14 Dec
(%)
(Perpres
2022
% of
Perpres
98/2022
Growth
(%)
98/2022)
A. Revenue
I. Tax Revenue
2,011.3
115.4
22.1
2,266.2
2,479.9
109.4%
36.9
1,547.8
107.2
20.4
1,784.0
1,927.4
108.0%
38.1
1. Tax
1,278.6 104.0
19.3
1,485.0
1,634.4
110.1%
41.9
2. Custom & Excise
269.2
125.2
26.4
299.0
293.1
98.0%
20.6
II. Non-Tax Revenue
458.5
153.8
33.4
481.6
551.1
114.4%
33.2
B. Expenditure
2,786.4
101.3
7.4
3,106.4
2,717.6
87.5%
11.9
Central Government
2,000.7
102.4
9.1
2,301.6
1,967.9
85.5%
16.2
II. Regional Transfer & Village
785.7
98.8
3.0
804.8
749.7
93.2%
1.9
Funds
C. Primary Balance
(431.6)
68.2
(31.9)
(434.4)
129.0
-29.7%
(145.0)
D. Surplus (Deficit)
(775.1)
77.0
(18.2)
(840.2)
(237.7)
28.3%
(61.5)
% to GDP
(4.57)
80.2
(5.6)
(4.50)
(1.22)
E. Financing
872
86.6
(27.0)
840.2
469.8
55.9%
(28.5)
F. Financing Surplus
96.67
232.2
Source: Ministry of Finance
The Government revenues grew
significantly, supported by
increased economic activity, the
impact of the implementation of
the tax reform (HPP law), 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 Deficit 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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