Investor Presentaiton
Solid Budget Performance Continues
The budget deficit returned to below 3% GDP one year earlier than the initial target
2022
2023
Account
(IDR Tn)
Growth1
Budget
Audite
d
(%) Budget
Growth² Gov't
(%)
Reg
75/2023
Real.
30th
Nov
% to
Budget³ (%)
Growth
Real.
12th
Dec
% to
Growth
Budget³ (%)
Revenue
2,635,8 30.6
2,463.6
(6.2)
2,637.2
Tax Revenue
2,034.6 31.4
2,021.2
(0.7)
2,462.
4
2,118.3 1,916.3 90.5
93.4
3.6 2,553.2 96.8 4.1
3.6 1,996.4 94.2
4.4
Government Revenue
State Revenue grew well amidst
moderation in commodity prices, this
growth was driven by economic
improvement. In fact, the
development of state revenues
exceeded the initial budget which
was prepared
conservatively.
Non Tax
Revenue
595.6
28.3
441.4
(25.0)
515.8 544.2 105.5
3.2 554.5 107.5
3.1
Expenditure 3,096.3 10.9 3,061.2
(1.0)
3,117.2 2,510.5 80.5
(4.0) 2,588.2 83.0
Central
Government 2,280.0 13.7 2,246.5 (1.2)
Expenditure
2,302.5 1,774.4 71.1
(5.7) 1,840.4 79.9
Transfer to
816.2
3.9
814.7 (0.2)
814.7 736.1 90.4
0.6 747.8 91.8
Region
Primary
(74.1) (81.9) (156.8) (101.0)
(38.5) 361.1 (937.2) 185.7 378.6 (982.8) 215.2
Government Expenditure
The government's spending priorities
are geared towards enhancing
productivity and safeguarding the
public, with adequate budget
support provided to preserve
citizens' purchasing power through
energy subsidies and compensation
programs.
(4.1)
(5.9)
0.6
Balance
Surplus
(Deficit)
(460.4) (40.1) (598.2) (28.8)
(479.9) (48.2) 10.0
(79.6) (35.0) 7.3 (85.8)
% to GDP
(2.35)
(2.84)
(2.27) (0.23)
(0.17)
Financing
591.0
(33.1)
598.2
2.5
479.9 282.3 58.8
(36.2) 289.6 60.3 (38.9)
Government Financing
Addressing the challenges posed by
global financial market volatility and
the possibility of increased debt
costs.
Source: Ministry of Finance.
Note: 1. % Growth of 2021 Budget Realization, 2. % Growth of 2022 Budget Realization, 3. % Growth of 2023 Budget Under Presidential Regulation No.75/2023
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