National Economic Recovery Program Update
2022 BUDGET HAS EFFECTIVELY MITIGATED THE ECONOMIC TURMOIL AND ADVANCED
FASTER ECONOMIC RECOVERY WHILE MAINTAINED THE RISK BETTER
1
Government expenditures grew by
10,9% (yoy) to stimulate the economy)
2
Faster recovery lead to significant
growth in revenue (30,5% yoy)
Expenditures (Rp Trillion)
+Rp 304,3T
3,090.7
2,786.4
2021
Note: Preliminary figures of 2022
119
APBN
Pendapatan Negara (Rp Trillion)
+Rp 615,0T
2,011.3
2,626.4
3
Stronger risk mitigation and
management (lower deficit) →
foundation for fiscal consolidation
Deficit (%GDP)
2021
2022
-2.38
2022
2021
2022
-4.50
-Rp 310,7T
RP
APBN
E
Кр
2
STABILIZATION FUNCTION:
Inflation rate is maintained in moderate
level
✓ Strong economic growth
High increase of new workers (4,2
million)
DISTRIBUTIVE FUNCTION
Poverty rate continues a downward
trend to single digits (March 2022 9,54%)
✓ Maintained gini ratio amidst Covid-19
pandemic (gini ratio: 2019:0,380 vs
2020:0,381)
APBN
ALLOCATIVE FUNCTION
✓
Maintained HDI (2018:0,710 vs 2021:0,705)
Lower stunting prevalence 2019: 27,7%
vs 2021: 24,4%
Higher Farmers' Terms of Trade (2020:
101,7 vs 2021:104,6)
22View entire presentation