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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 21
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