Investor Presentaiton
AS OF SEPTEMBER 2021, STATE BUDGET CONTINUES ITS GOOD PERFORMANCE
Revenue and Expenditure signaled that economic recovery continue to take place
2020
2021
Account
(IDR T)
Budge
t¹
Realized
As of
Sep
% of
Budget
YoY (%) Budget
Realized
As of
% of
Budget
YoY (%)
Sep
Revenue
Tax Revenue
1,700.0 1,160
68.2
(13.6)
1,743.6
1,354.8
77.7
16.8
1,198.8 750.6
62.6
(16.9)
1,229.6
850.1
69.1
13.2
Customs & Excise
205.7
141.8
68.9
3.8
215.0
182.9
85.1
29.0
Non Tax Revenue
294.1 261.8
89.0
(13.2)
298.2
320.8
107.6
22.5
Expenditure
2,739.2 1,841.3
67.2
15.5
2,750.0
1,806.8
65.7
(1.9)
Central Government Expenditure
1,975.2 1,211.6
61.3
21.2
1,954.5
1,265.3
64.7
4.4
Regional Transfer & Village
764
629.7
82.4
5.8
795.5
541.5
68.1
(14.0)
Funds
Primary Balance
Surplus (Deficit)
% to GDP
Financing
-700.4 (446.5)
63.8
931.6
(633.1) (198.3)
31.3
(55.6)
-1,039.2 (681.4)
65.6
169.9
(1,006.4)
(452.0)
44.9
(33.7)
(6.34) (4.41)
(5.70)
(2.74)
1,039.2 784.6
75.5
154.9
1,006.4
621.9
61.8
(20.7)
Note
(1) Presidential Regulation 72/2020
NAGARA DARA RAKA
Revenue
• As of September 2021, Government revenue keeps
performing strongly, rising at 16.8% (yoy), equivalent to
77.7% from the budget, reconfirming a strong economic
recovery.
• This strong revenue collection is in line with improving
economic and strong international trade activities,
nearly reaches the pre-pandemic level.
• In particular to the Non-tax revenue which is
contributed mainly by the natural resources
component, it is mainly due to the rising commodity
prices.
Expenditures
• Government spending slightly contracted by 1.9% (yoy)
in September 2021, mainly due to base effect as the
disbursement of the recovery related spending was
relatively high in September 2020.
• Government spending are focused mainly to support
the containment of COVID-19 pandemic and economic
recovery efforts, both at the central and regional levels.
Financing
• The overall and primary budget deficit are on-track.
• Debt financing was maintained, supported by a
conducive domestic financial market.
• Investment Financing proceeds according to progress, in
line with the regulatory preparation process
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